RBI cut repo rate to 6% in April 2025 in order to boost growth.
With inflation at a 67-month low of 3.34% in March, the RBI wants banks to pass on rate cuts to borrowers, but transmission is slow.
SBI and PNB slashed lending rates to 8.25% and 8.85%, yet HDFC Bank only cut by 10 basis points.
With Rs 2 lakh crore in liquidity, the RBI is urging faster action to spark sectors like housing and auto, despite global uncertainties like US tariffs
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