Banks start cutting loan rates3 min read 03 Aug 2016, 01:21 AM IST
Some banks have cut benchmark lending rates over the past fortnight as liquidity conditions ease
Mumbai: A handful of banks cut benchmark lending rates over the past fortnight in response to comfortable liquidity conditions which have also helped bring down interest costs in the bond markets. The paring of rates means that the transmission of the Reserve Bank of India’s (RBI’s) rate cuts has improved, albeit marginally.
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