Why don’t banks cut lending rates after RBI repo rate cuts? Well, they do, only some time later

In the last financial year 2019-20, the Reserve Bank of India first cut repo rates thrice, announcing one cut of 35 bps, and two of 25 bps each, bringing the policy rate down from 6% in April 2019 to 5.15 per cent

from Banking & Finance – The Financial Express https://ift.tt/3e75Nhm