The Reserve Bank of India (RBI) recently cut the repo rate by 50 basis points (0.50%), reducing it from 6% to 5.50%. Banks are catching up. Following other major banks, Canara Bank's Repo Linked ...

Bank of India has revised its repo-based lending rate after the RBI cut the repo rate by 50 basis points to 5.5%. The public sector bank has cut its RBLR rate by 50 bps to 8.35%.

This larger-than-expected cut in the repo rate was accompanied by a 100 bps cut in the Cash Reserve Ratio (CRR), now reduced to 3 per cent, aimed at enhancing liquidity by ₹2.5 lakh crore.

Regarding local economic condition, the Central Bank said inflation remains low, with headline inflation at 0.7% in February 2025, up from 0.5% in December 2024.

Although the inflation rate for February was unchanged at 3.2%, well within the Reserve Bank’s target range, economists do not expect that the bank will move to cut the repo rate on Thurday ...

The bank lowered its inflation projections for 2025 and 2026 to 3.9% and 4.3% respectively, reflecting a smaller-than-anticipated rise in administered prices and a stronger exchange rate.

The Reserve Bank of India (RBI) lowered its key repo rate on Wednesday for a second consecutive time and changed its monetary policy stance signalling room for more cuts ahead, as it seeks to ...