Hours after RBI call, Axis Bank says linking loans to repo rate is not the only way for faster transmission
It can be noted that till the last rate cut of 0.35 percent, the banks have passed out only 0.29 percent of the 0.75 percent in rate cuts initiated by the RBI to the final borrowers.:
MUMBAI: Even as governor Shaktikanta Das pitched for a system-wide adoption of repo-linked pricing of loans and deposits, private sector lender Axis Bank Monday said it is not the only measure for better transmission of central bank's policy moves.
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