RBI Governor Urjit Patel (2nd L) with deputy governors arrive for a post-monetary policy press conference, in Mumbai.
PTI Photo/Shirish Shete
RBI Governor D. Subbarao smiles during a monetary policy review meeting in Mumbai. For the second consecutive time, Reserve Bank Governor D Subbarao today left the key interest rat...
After opening in the green and staying there till the time the RBI policy announcement -- cutting the repo rate by expected 25 basis points -- came, the stocks then started declining.
While SBI was to first one to link its loans and deposits to the repo rate from May and home loans from July, six other peer banks like announced the same last week in which the asset side pricing has moved down fast.
RBI governor Shaktikanta Das said Wednesday that the central bank has lowered the GDP growth forecast for 2019-20 from 7 per cent to 6.9 per cent owing to demand and investment slowdown, which is causing dampening effect on the growth