Good news! EMIs set to fall as banks cut base rates

New Delhi : Government banks and private banks have reduced their base rates by 0.15-0.25 per cent

The move will bring down EMIs a bit for both corporate and retail borrowers

ICICI reduced its base rate to maximum i.e. 0.25%, rest stick with 0.15%

SBI and ICICI’s new lending rates will be applicable from April 10

HDFC bank will make it applicable from April 13

This is the first rate cut by banks in last one year.