PSU Banks fully transmit rates on fresh loans

The RBI cut its policy repo rate against which the lending rates of banks are benchmarked by 115 bps over the period to 4 per cent. The central bank has been signaling lower rates along with an easy monetary policy to revive the economy and demand as the economy contracted for two consecutive quarters since the lockdown.

from Banking/Finance-Industry-Economic Times https://ift.tt/3utIDud