The Reserve Bank of India (RBI) plans to talk with lenders about passing on benefits of the cuts in repo rate to borrowers through lower lending rates, the central bank's Deputy Governor SS Mundra said on Friday.
Most banks have yet to lower their lending rates even after the RBI has cut the repo rate by a total of 50 basis points in 2015 so far.
The Reserve Bank of India (RBI) plans to talk with lenders about passing on benefits of the cuts in repo rate to borrowers through lower lending rates, the central bank's Deputy Governor SS Mundra said on Friday.
Most banks have yet to lower their lending rates even after the RBI has cut the repo rate by a total of 50 basis points in 2015 so far.
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