Following the RBI's repo rate cut, several banks have reduced their interest rates. This move benefits both new and existing borrowers, leading to lower EMIs.

In addition to the repo rate cut, the RBI also reduced the Cash Reserve Ratio (CRR) by 100 basis points, from 4 per cent to 3 per cent.

Following the Reserve Bank of India's decision to cut the repo rate, several banks have begun lowering their lending rates. This move is set to benefit individuals seeking home loans and small businesses,