INSUBCONTINENT EXCLUSIVE:
Monday said he will meet heads of public and private sector banks this week to discuss transmission of interest rate cut to borrowers
Speaking to reporters after Finance Minister Arun Jaitley addressed the board of the central bank, he said transmission of monetary policy
decisions is important.He said he will meet the heads of public and private sector banks on February 21.Earlier this month, the Reserve Bank
of India cut the benchmark interest rate by 0.25 per cent to 6.25 per cent.Commenting on mergers in the banking space, Mr Jaitley said India
needs fewer and mega banks which are strong.
