Other Articles State Bank takes the lead, slashes base rate by 40 bps 'I don’t think we were excessively aggressive' Cheaper loans coming, but at a cost Even as he surprised the street with a 50-basis-point cut in the key policy rate, and a doveish stance, Reserve Bank of India ( RBI ) governor Raghuram Rajan on Thursday indicated the government would need to do its bit to help banks pass on the cuts.
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