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    Thursday, June 6, 2019

    RBI set to cut rate, but will banks pass it on to customers?

    RBI set to cut rate, but will banks pass it on to customers?
    Amid high expectations that the Reserve Bank of India will ease the cost of funds for borrowers in its policy on Thursday, its governor Shaktikanta Das has the tough task of ensuring that banks pass on the earlier two rate cuts. Despite the cut in policy rates, banks have not been able to bring down their deposit rates as these have grown slower than loans.

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    June 06, 2019 at 05:43AM