RBI governor Raghuram Rajan, having given thumbs up to the Budget 2015, has cut repo rate by 25 basis points to 7.5%. Will banks oblige with a rate cut? Will the banks pass on the benefit of the rate cut to consumers? Bank experts and analysts certainly think so!
Commenting on RBI’s move, MoS Finance Jayant Sinha said that it will provide a near-term boost to the economy. “We have limited room to provide relief to tax payers. But with RBI rate cut, I see EMIs coming down significant ..