IMPACTS OF TWO REPO RATE CUTS BY RBI:
#On Tuesday (7-Apr-15)
Top three banks cuts Base Rates:
SBI & HDFC reduced 15 Base points (Bps) from 10.0% to 9.85%.
ICICI reduced 25Bps from 10.0% to 9.75%
#On Wednesday (8-Apr-15) Smaller Banks cuts Base Rates: 》Axis bank reduces its base rate by 20Bps from 10.15% to 9.95% and it will be effectively from 13-Apr-15 》Lakshmi Vilas Bank announces a base rate cut of 15 Bps from11.25% to 11.10% it effective from 14-Apr-15. Mr.Kamakodi chairman of City Union Bank announces CUB also going to cut the base points, Soon it will be intimated.
#On Wednesday (8-Apr-15) Smaller Banks cuts Base Rates: 》Axis bank reduces its base rate by 20Bps from 10.15% to 9.95% and it will be effectively from 13-Apr-15 》Lakshmi Vilas Bank announces a base rate cut of 15 Bps from11.25% to 11.10% it effective from 14-Apr-15. Mr.Kamakodi chairman of City Union Bank announces CUB also going to cut the base points, Soon it will be intimated.
