Mumbai:
The Reserve Bank of India promised on Thursday to nudge banks to pass on its latest rate cut to borrowers even as banks remained tentative in their response to an earlier reduction.
RBI’s reduction of its key lending rate by a quarter percentage point does two things. It eases the availability of credit and stems perceptions of the bank’s loss of independence
The government is likely to miss its target of 10 million houses for the rural poor by the end of FY19 under the Pradhan Mantri Awas Yojana–Grameen (PMAY-G).
