While a reduction in the repo rate was anticipated in the latest Monetary Policy Committee (MPC) meeting, the 50 basis point cut came as a surprise. From February 2023 to February 2025, the repo rate ...
Canara Bank and Union Bank reduce lending rates following RBI's 50 basis point repo rate cut to 5.5%, effective June 2025. In response to the Reserve Bank of India's (RBI) recent monetary policy ...