With reference to the editorial, “Welcome pause” (October 5), the slowdown may warrant a policy rate cut, but what’s possibly occupying the Reserve Bank of India’s (RBI) attention is why there has not been a quick transmission of its monetary policy actions by banks.
In this respect, the RBI expressed its dissatisfaction with banks in its earlier policy review on August 2. It had also hinted at setting up a core group to study the marginal cost of the funds-based lending rate for better transmissions.
Inflation appears comfortable for now, but the RBI expects it to go up
In this respect, the RBI expressed its dissatisfaction with banks in its earlier policy review on August 2. It had also hinted at setting up a core group to study the marginal cost of the funds-based lending rate for better transmissions.
Inflation appears comfortable for now, but the RBI expects it to go up
