Why the RBI’s repo rate cuts have not translated into lower interest costs for borrowers.
Though the Reserve Bank of India (RBI) has cut its benchmark rate several times this calendar year—by a total of 75 basis points, or 0.75 per cent—potential borrowers who have been waiting for a corresponding fall in interest rates will have to wait longer. According to an RBI policy statement issued on June 20, though the repo rate (the rate of interest the central bank charges commercial banks for loans) was cut by 0.5 per cent between February and April this year, banks passed on less than half that benefit to consumers in the same time period, with the weighted average lending rate for new loans reducing by only 0.21 per cent. Though this is a disappointing turn of events, there are some structural reasons that have prevented banks from passing on the benefit of RBI rate cuts to borrowers.
THE COST OF FUNDS
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Denne historien er fra August 05, 2019-utgaven av India Today.
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Killer Stress
Unhealthy work practices in Indian companies are taking a toll on employees, triggering health issues and sometimes even death
Shuttle Star
Ashwini Ponnappa was the only Indian to compete in the inaugural edition of BDMNTN-XL, a new international badminton tourney with a new format, held in Indonesia
There's No Planet B
All Living Things-Environmental Film Festival (ALT EFF) returns with 72 films to be screened across multiple locations from Nov. 22 to Dec. 8
AMPED UP AND UNPLUGGED
THE MAHINDRA INDEPENDENCE ROCK FESTIVAL PROMISES AN INTERESTING LINE-UP OF OLD AND NEW ACTS, CEMENTING ITS REPUTATION AS THE 'WOODSTOCK OF INDIA'
A Musical Marriage
Faezeh Jalali has returned to the Prithvi Theatre Festival with Runaway Brides, a hilarious musical about Indian weddings
THE PRICE OF FREEDOM
Nikhil Advani’s adaptation of Freedom at Midnight details our tumultuous transition to an independent nation
Family Saga
RAMONA SEN's The Lady on the Horse doesn't lose its pace while narrating the story of five generations of a family in Calcutta
THE ETERNAL MOTHER
Prayaag Akbar's new novel delves into the complexities of contemporary India
TURNING A NEW LEAF
Since the turn of the century, we have lost hundreds of thousands of trees. Many had stood for centuries, weathering storms, wars, droughts and famines.
INDIA'S BEATING GREEN HEART
Ramachandra Guha's new book-Speaking with Nature-is a chronicle of homegrown environmentalism that speaks to the world
