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RBI satisfied with pace of monetary transmission 

Das said the weighted average lending rate has gone down by 44 bps on the fresh rupee loans.

Published: 05th December 2019 12:36 PM  |   Last Updated: 05th December 2019 12:36 PM   |  A+A-

Shaktikanta Das

RBI governor Shaktikanta Das. (File Photo | PTI)

By PTI

MUMBAI: Reserve Bank governor Shaktikanta Das on Thursday expressed satisfaction with bankers for passing its rate cuts to borrowers, saying the monetary transmission has been full and reasonably swift.

He further said transmission, which was bothering the central bank for a long time, is expected to improve with the introduction of linking loan pricing to an external benchmark system, which banks have adopted now.

ALSO READ: RBI slashes GDP growth outlook for 2019-20 to 5 per cent; retains policy rate

Das said the weighted average lending rate has gone down by 44 bps on the fresh rupee loans.

He also said there are indications of the capex cycle, a sluggishness in which is hurting economic growth, turning up.



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