Versuchen GOLD - Frei
Lending rates likely to fall by 30 bps after policy rate cut: SBI
The Statesman Siliguri
|June 08, 2025
Lending rates are expected to drop by about 30 basis points (bps) after the recent cut in policy rates, according to a new SBI report.
This change will be felt most immediately in loans linked to the External Benchmark Lending Rate (EBLR), which account for around 60 per cent of all loans given by Scheduled Commercial Banks (ASCBs), as per the data compiled by State Bank of India (SBI) Research.
The report said that because of this high share of EBLR-linked loans, the impact of the policy rate cut will be passed on quickly, making loans cheaper for many borrowers. "This move is aimed at reducing borrowing costs and boosting demand in the economy," the report added.
Diese Geschichte stammt aus der June 08, 2025-Ausgabe von The Statesman Siliguri.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON The Statesman Siliguri
The Statesman Siliguri
Protests disrupt RSS centenary event during Mohan Bhagwat’s visit to Lucknow University
Chaos erupted on the Lucknow University campus on Wednesday during the visit of RSS chief Mohan Bhagwat, who was in the city to mark the centenary celebrations ofthe Rashtriya Swayamsevak Sangh (RSS).
1 min
February 19, 2026
The Statesman Siliguri
Stalin strongly pitches for greater autonomy to states
Strongly pitching for its longstanding demand for more autonomy to states and federalism, Tamil Nadu Chief Minister and DMK President M K Stalin on Wednesday said his government has finally belled the cat and demanded Constitutional amendments vesting more powers with the states.
1 min
February 19, 2026
The Statesman Siliguri
State budget focuses on ‘GYANII’, says MP FM
Announcing that neither any new taxes are being introduced nor the rate of any existing taxes is being hiked, Madhya Pradesh Finance Minister Jagdish Devda on Wednesday tabled the state's budget for 2026-27 worth Rs 4,38,317 crore in the ongoing budget session of the State Assembly in Bhopal.
1 min
February 19, 2026
The Statesman Siliguri
AI Impact Summit marks a strategic turning point
Artificial Intelligence is no longer a niche technological conversation.
3 mins
February 19, 2026
The Statesman Siliguri
Akhilesh Yadav flags ‘irregularities’ in Form 7, urges ECI to act
Samajwadi Party chief Akhilesh Yadav on Wednesday said his party has submitted a memorandum to the Election Commission of India highlighting “countless irregularities and malpractices” in Form 7 under the Special Intensive Revision of electoral rolls,and expressed confidence that the poll body would take legal action against those found guilty.
1 min
February 19, 2026
The Statesman Siliguri
Ukrainian & Russian envoys hold a second day of US-brokered talks in Geneva
Envoys from Moscow and Kyiv met Wednesday in Geneva for a second consecutive day of US-brokered talks, with officials trying to bridge political and military differences stemming from Russia's all-out invasion of Ukraine almost four years ago.
1 min
February 19, 2026
The Statesman Siliguri
Kerala cabinet approves Nativity Card Bill to certify Keralite identity
The Kerala Cabinet on Wednesday approved the Kerala Nativity Card Bill, introducing an official Nativity Card to certify Keralite identity for administrative and service-related purposes.
1 min
February 19, 2026
The Statesman Siliguri
Rollback Politics
When the United States first declared in 2009 that greenhouse gases endanger public health, it quietly redrew the map of environmental governance.
2 mins
February 19, 2026
The Statesman Siliguri
Talks or conflict?
Thepresenceoftwocarriers enables the U.S. toconduct sustained, multi-week military campaigns, ifnecessary, rather thanisolatedstrikes. This deploymentalsosignals arapid responsecapability andis designed to deterIranandits regional proxies from attacking US forcesorcommercial shipping, especially afterrecent incidents, including the shootingdownofanIranian drone by US forces
4 mins
February 19, 2026
The Statesman Siliguri
Adani Ports inks deal with Port Of Marseille Fos to boost India - Europe trade connectivity
Adani Ports and Special Economic Zone Ltd (APSEZ) officially announced here on Wednesday that it has signed aMoUwith the Port of Marseille Fos, which is France's leading port and the Mediterranean’s premier gateway, in order to deepen cooperation on trade facilitation, port innovation and energy transition.
2 mins
February 19, 2026
Listen
Translate
Change font size