Most banks say benefit of rate cut to show up after 3 months

Several private and public sector banks that have not cut lending rates despite the reduction in key rates last week by the Reserve Bank of India (RBI) said they would be able to cut rates only when their cost of funds come down – which could take three months. So far, only a handful of public sector banks have cut lending rates, while the bigger players have either stayed away from any reduction, or slashed rates selectively.........

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