Tag: Rbi Rate Cut

New Delhi: Government think tank Niti Aayog Vice Chairman Rajiv Kumar on Friday said banks are in a position to pass on interest rate cut benefits to the consumers and the industry. The Reserve Bank of India (RBI) had on February 7 announced a repo rate cut of 25 basis points, and so far State […]

New Delhi: The Finance Ministry on Friday said the Reserve Bank’s decision to lower the benchmark lending rate will complement recent measures taken by the government to accelerate growth. Earlier in the day, RBI cut the repo rate by 25 basis points to 5.15 per cent. The government has noted the reduction in repo rate […]