India’s Lenders Aren’t Passing on Rate Cuts to Customers
A couple speaks to an HDFC Bank Ltd. loan officer about a home loan at a branch in eastern Mumbai, India. (Photographer: Santosh Verma/Bloomberg News)

India’s Lenders Aren’t Passing on Rate Cuts to Customers

(Bloomberg) -- The Reserve Bank of India is Asia’s most aggressive monetary authority in cutting interest rates. But lenders aren’t passing on the reductions to customers, in what could be the bigg...
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