Banks May Soon Cut Interest Rates: RBI’s Latest Move Explained BY CREDORA. India News | Apr 09, 2025 | 4 min read With the Reserve Bank of India (RBI) reducing the repo rate by 25 basis points , bringing it down to 6% , the financial ecosystem may witness a series of rate cuts by banks in the upcoming quarters. According to a detailed report by SBI Research, this move sets the stage for a more accessible lending environment across the country. Public and Private Banks May Follow Suit Following the cumulative 50 basis points cut in the repo rate since February 2025, several banks are now expected to transmit these benefits to consumers: Public sector banks have already trimmed deposit rates by 6 basis points . Foreign banks have reduced rates by 15 basis points . Interestingly, private banks slightly increased rates by 2 basis points , potentially to attract more deposits amidst competition. The Weighted Average Lending Rate (WALR) for fresh loans closel...