......banks can lower lending rates only if their cost of deposits comes down (difficult when the public has alternative savings avenues in gold or real estate) or they are able to borrow cheaper from the RBI. By turning down the latter option, and also keeping the CRR unchanged, the RBI has basically made it impossible for banks to cut rates........
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
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