Home, auto loans to get cheaper as RBI goes for steepest interest rate cut in 5 years

Home, auto loans to get cheaper as RBI goes for steepest interest rate cut in 5 years https://www.taxtmi.com/news?id=45880 The Reserve Bank of India reduced the policy repo rate and cut the cash reserve ratio, shifting its stance to neutral to lower bank funding costs and expand liquidity. These measures are intended to improve monetary transmission by reducing External Benchmark Lending Rates linked to the repo rate, encourage banks to pass on lower borrowing costs to borrowers, and support credit growth through a phased CRR release that injects durable liquidity into the banking system. en-us Fri, 06 Jun 2025 17:16:03 +0530 Fri, 06 Jun 2025 17:16:03 +0530 TaxTMI RSS Generator Home, auto loans to get cheaper as RBI goes for steepest interest rate cut in 5 years https://www.taxtmi.com/news?id=45880 The Reserve Bank of India reduced the policy repo rate and cut the cash reserve ratio, shifting its stance to neutral to lower bank funding costs and expand liquidity. These measures are intended to improve monetary transmission by reducing External Benchmark Lending Rates linked to the repo rate, encourage banks to pass on lower borrowing costs to borrowers, and support credit growth through a phased CRR release that injects durable liquidity into the banking system. News - Fri, 06 Jun 2025 17:16:03 +0530 https://www.taxtmi.com/news?id=45880