RBI Bulletin confirms banks passed on 93 bps lending rate cut following RBI's 125 bps repo reduction.

Exam-focused facts from the 24 October 2026 current affairs briefing.

Key facts

Banks passed on 93 basis points of lending rate reductions to borrowers.
This action followed the Reserve Bank of India's (RBI) cumulative 125 basis points cut in the policy repo rate.
The policy repo rate reduction occurred between February 2025 and March 2026.
The weighted average lending rate (WALR) on fresh loans declined by 93 basis points.
The 93 basis points decline was attributed to an 80 basis points interest rate effect and a 13 basis points composition effect.