Rajan doesn’t want to hear excuses on rate cuts, to take up liquidity issue with bankers
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To make sure banks follow the
Rajan wants to make sure that banks implement 125 basis point rate cut.
While the RBI says it has sufficient cash in the system, banks have an opposite theory to tell.
Banks say they are forced to borrow an average of more than Rs 1.3 lakh crore from RBI to conduct day-to-day operations.
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(Image: Indiatimes)
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