Four public sector banks cut lending rates after RBI move |...

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Four public sector banks cut lending rates after RBI move

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Following the RBI's repo rate cut, public and private sector banks are adjusting lending rates. Existing borrowers with floating-rate loans are poised to benefit more due to automatic rate reductions. Banks are tweaking spreads on home loans and may lower fixed deposit returns to protect profitability, potentially impacting new borrowers and savers.

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