RBI cuts interest rates to 9-yr low, expects banks to quickly lower home, auto loan EMIs. https://www.taxtmi.com/news?id=21379 The central bank cut the policy interest rate, shifted to an accommodative stance to support growth while noting inflation remains below target, and urged banks to accelerate transmission of rate reductions to borrowers to reduce loan EMIs. It also eliminated customer charges for RTGS and NEFT transfers and asked banks to pass on the benefits. en-us Thu, 06 Jun 2019 16:47:15 +0530 Thu, 06 Jun 2019 16:47:15 +0530 TaxTMI RSS Generator RBI cuts interest rates to 9-yr low, expects banks to quickly lower home, auto loan EMIs. https://www.taxtmi.com/news?id=21379 The central bank cut the policy interest rate, shifted to an accommodative stance to support growth while noting inflation remains below target, and urged banks to accelerate transmission of rate reductions to borrowers to reduce loan EMIs. It also eliminated customer charges for RTGS and NEFT transfers and asked banks to pass on the benefits. News - Thu, 06 Jun 2019 16:47:15 +0530 https://www.taxtmi.com/news?id=21379