RBI Governor to hold meeting with bank chiefs on Saturday

The RBI has been prompting banks to push lending by cutting its key policy rate by 75 basis points to an 11-year low of 4.4 per cent. Besides, it also slashed reverse repurchase rate, a tool to control the money supply, to 3.75 per cent to encourage banks to deploy surplus funds within the system towards lending.

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