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Please use this identifier to cite or link to this item: https://repository.iimb.ac.in/handle/2074/13291
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dc.contributor.authorSingh, Charan
dc.date.accessioned2020-07-13T14:43:41Z-
dc.date.available2020-07-13T14:43:41Z-
dc.date.issued2013-07-05
dc.identifier.urihttps://repository.iimb.ac.in/handle/2074/13291-
dc.descriptionThe Economic Times, 05-07-2013
dc.description.abstractThe government owns public sector banks and it takes the finance minster to prod them to consider a cut in interest rates. Mind you, the largest government bank, SBI, has declined to take the FM’s hint. SBI’s reluctance should be seen in the context of RBI’s small steps towards rate reduction since April 2012. Those small steps haven’t inspired banks to take the big leap in reducing lending rates. Are interest rates primarily responsible for the current investment climate?. The government believes so. But RBI, since June 2012, has been arguing the opposite. The RBI’s Mid Quarter Review of Monetary Policy of June 18, 2012 says, “... it is relevant to assess as to what extent high interest rates are affecting economic growth. Read more at: https://economictimes.indiatimes.com/opinion/et-commentary/rbi-governors-last-hurrah-listen-to-fm-slash-rates/articleshow/20921167.cms
dc.language.isoen_US
dc.publisherBennett, Coleman & Co. Ltd.
dc.subjectEconomics
dc.subjectFinancial system
dc.subjectMonetary policy
dc.subjectRBI
dc.subjectBanking
dc.titleRBI governor's last hurrah: Listen to FM, slash rates
dc.typeMagazine and Newspaper Article
dc.identifier.urlhttps://economictimes.indiatimes.com/opinion/et-commentary/rbi-governors-last-hurrah-listen-to-fm-slash-rates/articleshow/20921167.cms
dc.journal.nameThe Economic Times
Appears in Collections:2010-2019
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