RBI’s 25 BPS Repo Rate Cut & Its Implications: Banks In A Catch-22 Situation
The Reserve Bank of India has cut repo rate by 25 bps to six percent from 6.25 percent. Loans are therefore set to become cheaper. The reverse repo rate has also been reduced by 25 bps to 5.75 percent from six percent. Repo rate is the rate at which the central bank lends money to […]