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š”How Do Banks Really Work? Here's a Simple Visual Guide! š¦ 1ļøā£ Banks take deposits from customers at ~4% interest. 2ļøā£ They lend that money to borrowers at ~10% interest. š° The 6% spread is their profit. š Key Banking Terms You Should Know:
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The Reserve Bank of India (RBI) reduced the repo rate by 25 basis points to 6.25%, the first rate cut in nearly five years. What is the repo rate? Itās the rate at which the RBI lends money to commercial banks. A lower repo rate means cheaper loans
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About Rates in the market... To strike a balance in market, the RBI has to consider all economic factors and carefully set the key rates. Any imbalance in these rates can lead to economic chaos: 1)Repo Rate:-The rate at which RBI lends money to oth
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BREAKING: RBI Slashes Repo Rate by 50 BPS to 5.50%. The RBI has delivered a surprise rate cutābringing the repo rate down from 6.00% to 5.50% in June 2025! What This Means for You: 1. Lower EMIs on home, personal, business & education loans. 2. Ea
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šLoans to get cheaper? š¦RBI cuts the repo rate for the first time in nearly 5 years to boost the economy. Repo Rate cut by 25bps to 6.25% šWhat is repo rate? --> It is the interest rate at which the central bank lends money to commercial ban
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