You are here: Home » PF » News » Loans
Business Standard

Borrowers will need to wait 3-6 months for rates to come down

Banks feel that significant transmission of rate cuts will start after one or two quarters

Tinesh Bhasin  |  Mumbai 

Borrowers will need to wait for three to six months before they see any meaningful rate cut from banks. After reducing the key policy rates on Tuesday by 25 basis points, the RBI Governor Urjit Patel said that he hopes the recent cuts in small savings rates will lead to lower deposit rates and ultimately will reduce borrowing rates. Since January 2015, Reserve Bank of India (RBI) has reduced policy rates by 150 basis points. But banks have not revised interest rates downwards in the same proportion as the regulator. But none of the banks have reduced interest rates on loans following ...

TO READ THE FULL STORY, SUBSCRIBE NOW AT JUST Rs 149 A MONTH

Key stories on business-standard.com are available to premium subscribers only.

LOGIN

EMAIL / USER NAME
PASSWORD
REMEMBER ME Forgot password?

Not a member yet ? Resister Now

Connect using any below

  • Don't lose the opportunity of saving $26.77 per month
  • Don't lose the opportunity of saving $26.77 per month
Total Amount
Rs. 0.00
To proceed, kindly select a subscription package

WHAT YOU GET

On Business Standard Digital

  • Access your subscription from anywhere. Be it your computer, tablet or smartphone using a browser or the App, Your Choice.
  • Access to exclusive content, features, opinions and comment, hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get all the news upates at the end of each day through E-Mail.
  • Pick the industry that you want to track. And get a daily news letter specific to that industry. Cut out the clutter.
  • And stay on top of your investments. Track stock prices in your portfolio
  • Access 18 years of archival data

On Digital

  • Seamless access to WSJ.com with your Business Standard digital account.
  • Experience the best of the Journal's reporting, video and interactive features.
  • Read about the people and events shaping business, finance, technology, politics, technology and culture.
  • Stay informed with newsletters - an easy way to get WSJ content straight to your inbox - making life easier on your busiest days.
  • More business executives read the Journal globally than any other publication.
*Note :
Our Partners are proud to be associated with this initiative and will contribute Rs 100 x 6 months thereafter, standard rate of Rs 149 will be charged.
Offer valid for Indian residents only
Requires you to share personal information like PAN, Date of Birth, and Income.
*Annual saving on WSJ subscription price of US$ 347.88 (12 months @ US$ 28.99 per month)
* 1US$ = 67.50 INR.
*Please note that this offer is not valid if you are/were a registered/existing user on WSJ Digital
RECOMMENDED FOR YOU

Borrowers will need to wait 3-6 months for rates to come down

Banks feel that significant transmission of rate cuts will start after one or two quarters

Banks feel that significant transmission of rate cuts will start after one or two quarters Borrowers will need to wait for three to six months before they see any meaningful rate cut from banks. After reducing the key policy rates on Tuesday by 25 basis points, the RBI Governor Urjit Patel said that he hopes the recent cuts in small savings rates will lead to lower deposit rates and ultimately will reduce borrowing rates. Since January 2015, Reserve Bank of India (RBI) has reduced policy rates by 150 basis points. But banks have not revised interest rates downwards in the same proportion as the regulator. But none of the banks have reduced interest rates on loans following ... image
Business Standard
177 22

Borrowers will need to wait 3-6 months for rates to come down

Banks feel that significant transmission of rate cuts will start after one or two quarters

Borrowers will need to wait for three to six months before they see any meaningful rate cut from banks. After reducing the key policy rates on Tuesday by 25 basis points, the RBI Governor Urjit Patel said that he hopes the recent cuts in small savings rates will lead to lower deposit rates and ultimately will reduce borrowing rates. Since January 2015, Reserve Bank of India (RBI) has reduced policy rates by 150 basis points. But banks have not revised interest rates downwards in the same proportion as the regulator. But none of the banks have reduced interest rates on loans following ...

image
Business Standard
177 22