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    HomeNewsBusinessEconomyBanks to cut lending rates after repo rate cut: IBA head

    Banks to cut lending rates after repo rate cut: IBA head

    Indian banks will cut lending rates after the central bank reduced its key interest rate by 25 basis points on Tuesday, the head of industry body Indian Banks' Association, K R Kamath, said in a post-policy conference.

    January 29, 2013 / 15:04 IST
       
       
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      Indian banks will cut lending rates after the central bank reduced its key interest rate by 25 basis points on Tuesday, the head of industry body Indian Banks' Association, K R Kamath, said in a post-policy conference.


      State Bank of India Chairman Pratip Chaudhuri also said banks are likely to cut lending rates.

      Banking, securities cos to spend Rs 41k cr on IT: Gartner


      The RBI lowered its key policy rate for the first time in nine months on Tuesday, but struck a cautious note on further easing as it waits to see how the government's upcoming budget aims to bring a bloated fiscal deficit under control.


      (For main story -- RBI cuts repo rate, CRR by 25 basis points, click http://in.reuters.com/article/2013/01/29/india-rbi-policy-review-repo-rates-idINDEE90R0GI20130129)

      first published: Jan 29, 2013 02:42 pm

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