RBI panel urges tougher line to get banks to pass on rate cuts
The five-member panel, set up by the RBI to look into why lenders were not passing on central bank rate cuts, said in a report on Wednesday that banks "deviated in an ad hoc manner from the specified methodologies" for calculating the lending rates in order to avoid passing on the RBI rate cuts.
Oct 05, 2017, 12:15 PM IST