The stated objective of this move is to reduce cost of capital and enable higher lending and thus boost economic activity
The stated objective of this move is to reduce cost of capital and enable higher lending and thus boost economic activity
SBI announced only a 0.05% cut in interest rate on home loans of up to Rs 30 lakh despite the RBI cutting the repo rate by 0.25% last week
Whether there is a floor beneath which cuts in interest rate are ineffective depends in part on house prices
Calls for RBI to cut its policy rate beyond 25 bp that markets priced in for Wednesday's meeting
The govt is keen on a rate cut to help boost the economy