Skewed transmission of rates makes it tough for borrowers | Economic Times

Skewed transmission of rates makes it tough for borrowers https://ift.tt/S4GoLRq Bank of India (RBI) data showed that banks have promptly passed on the 140-basis-point increase in the repo rate in the first half of the current fiscal, while new deposit rates have only increased by 91 basis points. One basis point is 0.01 percentage point.