After this post, my ROI was reduced by 25 BP in April. Since then, @RBI has announced two more rate cuts. However, these benefits have not yet been passed on to customers. @ICICIBank informed me that the revised rate will only reflect on the next reset date, which is July 1st.
@ICICIBank @sandeepbak @RBI RBI reduced the repo rate on Feb 7, 2025, but existing home loan customers are still waiting for a rate cut in Interest. It’s been 15 days, and bank employees say there’s no update yet. When will you pass on the benefit? #HomeLoan#reporate