Eight banks cut home loan rates after RBI repo rate decision
after close1 source ↓written by the desknot a recommendation
- repo rate
- 25 bps
- 5.25%
- effective
- 7.35% to 7.10%
- effective
- 6 Dec
- take effect
- 15 Dec
Following the RBI's decision to lower the repo rate by 25 bps to 5.25%, eight banks, including State Bank of India and Bank of Maharashtra, have reduced home loan rates. Bank of Maharashtra's rates fell from 7.35% to 7.10% effective 6 Dec. SBI's cuts will take effect from 15 Dec. This trend may boost housing demand and improve sentiment in the banking sector.
Not investment advice. For informational purposes only.