A- A A+
Last Updated : Feb 20 2020 5:05PM     Screen Reader Access
News Highlights
22 km long India road show with 28 stages to welcome US Prez Trump in Ahmedabad            Tamil Nadu: 19 die in road accident at Avinashi near Tiruppur            Kashi Mahakal Express to begin commercial run from Varanasi today            V Prez inaugurates four-day Indian Students’ Parliament in New Delhi            Medium of cinema can lead to further collaboration between India and World: S Jaishankar           

Business News

Aug 08, 2019
1:40PM

Loans to get cheaper as RBI cuts repo rates

PTI
Loans are set to get cheaper as Reserve Bank of India cut repo rate by 35 basis points to 5.40 per cent yesterday. 

The move is said to give a fillip to the economy. This was the fourth consecutive time that the Monetary Policy Committee reduced the rates. 

Consequently, the reverse repo rate under the liquidity adjustment facility stands revised to 5.15 per cent, and the marginal standing facility rate and the Bank Rate to 5.65 per cent.

Within hours of the steep reduction in the repo rates, country’s largest lender, State Bank of India announced a 15 basis points reduction in its lending rates. 

The SBI, in a statement, said, the new rates of 8.25 per cent will be effective from 10th of this month. After this cut, SBI home loans have become cheaper by 35 bps since April. 

The bank is offering a repo linked home loans from 1st July this year.
 

Live Twitter Feed

Listen News

Morning News 20 (Feb) Midday News 20 (Feb) News at Nine 19 (Feb) Hourly 20 (Feb) (1600hrs)
समाचार प्रभात 20 (Feb) दोपहर समाचार 20 (Feb) समाचार संध्या 19 (Feb) प्रति घंटा समाचार 20 (Feb) (1305hrs)
Khabarnama (Mor) 20 (Feb) Khabrein(Day) 20 (Feb) Khabrein(Eve) 19 (Feb)
Aaj Savere 19 (Feb) Parikrama 19 (Feb)

Listen Programs

Market Mantra 19 (Feb) Samayki 19 (Feb) Sports Scan 19 (Feb) Spotlight/News Analysis 19 (Feb) Samachar Darshan 19 (Feb) Radio Newsreel 18 (Feb)
    Public Speak

    Country wide 13 (Feb) Surkhiyon Mein 13 (Feb) Charcha Ka Vishai Ha 19 (Feb) Vaad-Samvaad 18 (Feb) Money Talk 18 (Feb) Current Affairs 14 (Feb)
  • Money Matters 19 (Feb)
  • International News 20 (Feb)
  • Press Review 20 (Feb)
  • From the States 20 (Feb)
  • Let's Connect 20 (Feb)
  • 360°- Ek Parivesh 20 (Feb)
  • Know Your Constitution 30 (Jan)
  • Ek Bharat Shreshta Bharat 19 (Feb)
  • Sanskriti Darshan 20 (Feb)
  • Fit India New India 20 (Feb)