The Times of India News

Rate cut nudge: RBI Governor asks banks to pass on easing; when will EMIs fall for borrowers?

Reserve Bank of India Governor Sanjay Malhotra urged banks to fully transmit policy rate cuts to borrowers, aiming to support sustainable growth and improve customer outcomes. He emphasized the need for lower intermediation costs and higher efficiency, while also flagging rising risks from digital fraud and calling for stronger safeguards.