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No room for cut in lending rates in near-term: Bankers

Last Updated: Tuesday, August 4, 2015, 20:10

Bankers Tuesday ruled out any immediate lowering of interest rates even as the Reserve Bank rapped them for not fully passing on to borrowers three cuts in the key rate this year, saying it expects them to do so in the near future.

RBI cautious now, 0.25% rate cut likely in September: Rangarajan

Last Updated: Tuesday, August 4, 2015, 19:59

Stating that RBI has adopted a cautious approach in keeping rates unchanged, former Governor C Rangarajan Tuesday said the central bank may cut rate by 0.25 basis points by next month if monsoon turns out to be good.