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05 Oct 2017

RBI panel urges tougher line to get banks to pass on rate cuts

The five-member panel, set up by the RBI to look into why lenders were not passing on central bank rate cuts, said in a report on Wednesday that banks "deviated in an ad hoc manner from the specified methodologies" for calculating the lending rates in order to avoid passing on the RBI rate cuts.

20 Mar 2015

RBI to talk to banks about passing rate cut benefits to customers

The central bank plans to talk with lenders about passing on interest rate cuts through lower lending rates, Reserve Bank of India Deputy Governor S.S. Mundra said on Friday.

04 Mar 2015

Banks should pass on RBI rate cut benefits, say auto makers

"We are waiting and watching if the banks pass on the benefits of the rate cut to consumers. Earlier also when the RBI cut rates they didn't pass it on," Maruti Suzuki India Executive Director (Marketing & Sales) R S Kalsi told PTI.

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