RBI Governor to meet bank CEOs on Thursday on rate transmission
Earlier this month, the RBI cut the benchmark interest rate by 0.25 per cent to 6.25 per cent. But PSU and private banks have not been passing on the resultant benefits of these rate cuts and in fact passed less than 5 per cent cut to the customers.
The Governor said that the RBI has received a lot of comments on external benchmarks and it was currently examining them. Reuters