Banks pass on less than half of rate cuts signalled by the Reserve Bank of India since March

Despite the RBI signaling 115 basis point(one bps is 0.01%) reduction of its benchmark repo rate - the rate at which it lends to banks - since March 2020, weighted average lending rates have fallen by 40 bps and 50bps on outstanding and fresh loans respectively between April and November.

from Banking/Finance-Industry-Economic Times https://ift.tt/2X8u7t9