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