Niti Aayog pushes banks to pass on RBI rate cut
"We inherited a banking sector with NPAs worth Rs 10.5 lakh crore. But now that struggle seems to be over and the banking sector is looking up again indicating that the interest rate cut be passed on for the growth of the economy," said Kumar.
"Credit growth has perked up and will increase further, so banks are in a position to pass on the benefits of a rate cut," Kumar said at an event. He said the government had to struggle through NPAs in the banking sector. Reuters