Sounding impatient, Reserve Bank of India governor Raghuram Rajan on Tuesday made a harsh comment on the banks reluctance to lower consumer interest rates. Rajan`s harsh comments reflect th
While nudging the banks once again to hurry up with the full transmission of its cut in repo rate (since January) to borrowers, the reserve bank of India did not change policy rates
In the fourth bi-monthly monetary policy statement, the Reserve Bank of India’s monetary policy committee (MPC) reduced the repo rate by 25 basis points, from 6.5 percent to 6.25 percent. The
