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RBI's pre-Diwali gift: Cheaper home, corporate loans

Updated On: 05 October, 2016 08:44 AM IST | | Agencies

Home, auto and corporate loans may get cheaper as the new RBI Governor Urjit Patel-led panel yesterday marked its debut policy review with a surprise 0.25% rate cut – lowering borrowing cost to a six-year low, which the industry lauded as a pre Diwali gift

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Urjit Patel. Pic/PTIUrjit Patel. Pic/PTI

New Delhi: Home, auto and corporate loans may get cheaper as the new RBI Governor Urjit Patel-led panel yesterday marked its debut policy review with a surprise 0.25% rate cut – lowering borrowing cost to a six-year low, which the industry lauded as a pre Diwali gift.

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