NEWS & ADVICE : HOME LOANS
FinMin to meet chief executives of PSBs to review bank performances
By Joseph Samson
Jun 20, 2013
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Finance Minister, Mr. P Chidambaram will meet chief executives of public sector banks (PSBs) on June 26 to review the bank performances during the financial year 2012-13.

Also, Mr. Chidambaram will use the occasion to discuss the aspect of bankers' not reducing lending rates in proportion to the policy rate cuts affected by the Reserve Bank of India.

RBI this year has cumulatively cut its repo rate by 75 basis points in three different monetary policy review meetings.

RBI had at the recently held mid-quarter monetary policy review on June 17 kept the policy rates unchanged.

The first quarter monetary policy review is slated for end July.

 


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