INSUBCONTINENT EXCLUSIVE:
Even private sector banks are expected to follow the market trend in order to protect their business, sources said adding they too are
reduced the key lending rate in the last two days and the rest state-run lenders are expected to follow the suit in the coming days, sources
bankers was followed by meeting with MSME and auto sectors
The Finance Minister is holding series of meetings with various sectors of the economy in order to understand issues faced by them and
the repo rate by 35 basis points to 5.4 per cent earlier this week, the largest lender State Bank of India (SBI) trimmed its lending rate by
follow the lead of the financial markets, where there was full transmission of policy rates that were reduced in the current cycle of
lower by 102 basis points, but banks have only transmitted 29 bps between February and June on fresh rupee loans, the governor had said.Get
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