Reserve Bank Governor Shaktikanta Das on Monday said he will meet heads of public and private sector banks this week to discuss transmission of interest rate cut to borrowers.
Speaking to reporters after Finance Minister Arun Jaitley addressed the board of the central bank, he said transmission of monetary policy decisions is important.
He said he will meet the CEOs of public and private sector banks on February 21.
Earlier this month, the Reserve Bank cut the benchmark interest rate by 0.25 per cent to 6.25 per cent.
Commenting on mergers in the banking space, Jaitley said India needs fewer and mega banks which are strong.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.