The Reserve Bank ought to cut loan fee by 0.5-0.75 percent in perspective of horrid acknowledge development and additionally curbed request and, alongside government, push banks to pass them on when demonetisation has prompted to "windfall gains", an industry body said.
As the RBI Monetary Policy Committee meets on February 7-8 for next bi-month to month credit approach, Assocham has urged the national bank and the Finance Ministry "to guarantee satisfactory transmission of cuts in the loan costs".
The business is expecting no less than 50-75 premise focuses diminishment in the strategy loan fees and the banks ought to pass on the whole advantage to the borrowers, it said in a public statement.
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