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India banks not paring rates despite central bank easing

Tuesday, March 17, 2015 - 05:50

Despite the central bank governor's two rounds of monetary easing this year, the three-month interbank rate has fallen just seven basis points to 8.58 per cent.


INDIA's largest lenders aren't passing on two rounds of monetary easing to borrowers as profitability slides and bad loans surge.

State Bank of India and Bank of Baroda are among 43 of 47 lenders yet to lower base lending rates after the Reserve Bank of India cut its

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