NEW DELHI - The Reserve of India (RBI) will talk to lenders later this month about a pass-through on lower policy interest rates, said Governor Shaktikanta Das on Monday.
Concerns over a full pass-through of lower interest rates to the real economy surfaced after Indian lenders lowered lending rates by only 5 basis points after a 25 basis point rate cut by the RBI in early February, raising questions on the efficiency of monetary policy transmission.
"Transmission of rates is very important especially after the central bank announces a rate cut," Das told reporters after its board meeting in the capital.
"We will discuss that issue with the banks and see what needs to be done," said Das, adding that he is set to meet with the heads of private and public sector banks on Feb. 21.
Earlier in the day, Rajnish Kumar, Chairman of State Bank of India, the country's largest public sector lender said that the bank currently does not have any headroom to cut interest rates.
Good performance services ..Keep up the good work!.
Good performance services ..Keep up the good work!!! Really appreciate your effort.
Dr. Ravindra Dhivare
Advisorymandi.com is really appreciable . As they.
Dr. Ravindra Dhivare
Advisorymandi.com is really appreciable . As they give proper calls & levels with proper SL. Advisorymandi,com teaches us, how to trade in share market in proper way. Personalized services also tell you about your services like, phone calls, reminders & other suggestions are really very appreciable with polite conversations.
Outstanding team effort as they are very cooperative , polite and helps in sorting out problems and queries in best possible manner.
Working with Advisorymandi.com was the best decisi.
Working with Advisorymandi.com was the best decision of my life. The work is highly credible. A BIG THANKS for their virtuoso services.
ADVISORYMANI.COM is a platform where you can know .
ADVISORYMANI.COM is a platform where you can know everything about share market and how to trade?It is a best Platform for a beginner who has just started trading. Employee of advisorymandi are very friendly. They are always ready for you to help in any condition. From my opinion every beginner who wants to be a successful trader , they the should join "ADVISORYMANDI.COM"
YOUR WORK SPEAKS VOLUMES OF THE KIND OF CONCEPTS I.
YOUR WORK SPEAKS VOLUMES OF THE KIND OF CONCEPTS IT IS-EFFICIENT,ORGANIZED and RESULT ORIENTED. WELL DONE!! ADVISORYMANDI.COM AND TEAM