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| 28 October, 2020, 10:27 AM IST | E-Paper
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    Wealth

    Hours after RBI call, Axis Bank says linking loans to repo rate is not the only way for faster transmission

    Hours after RBI call, Axis Bank says linking loans to repo rate is not the only way for faster transmission

    It can be noted that till the last rate cut of 0.35 percent, the banks have passed out only 0.29 percent of the 0.75 percent in rate cuts initiated by the RBI to the final borrowers.

    State Bank of India mulls repo-linked home loans for existing borrowers

    State Bank of India mulls repo-linked home loans for existing borrowers

    SBI has lowered MCLR by 30 basis points since February while RBI reduced policy rate by 110 bps.

    Interest rate for SBI saving a/cs with Rs 1 lakh plus balance to be linked to repo rate from May 1

    Interest rate for SBI saving a/cs with Rs 1 lakh plus balance to be linked to repo rate from May 1

    Rates on big savings accounts and some short-term loans will change with change in repo rate.

    Home, vehicle, other retail loans to become cheaper: FM Nirmala Sitharaman

    Home, vehicle, other retail loans to become cheaper: FM Nirmala Sitharaman

    Addressing the media, Sitharaman also said that banks will pass on RBI rate cut benefits to borrowers through MCLR reduction.

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