In addition to the repo rate cut, the RBI also reduced the Cash Reserve Ratio (CRR) by 100 basis points, from 4 per cent to 3 per cent.

The repo rate cut means the loan interest must also fall if it's repo-linked. The repo rate is the interest rate at which the RBI lends money to commercial banks. A reduction in t

A wave of interest rate cuts is sweeping through India’s banking sector as several leading banks — including Punjab National Bank (PNB), Bank of India, and UCO Bank — have lowered their lending rates following the Reserve Bank of India’s (RBI) recent