RBI’s Acharya: ‘fundamental reform’ to fix transmission

reserve-bank-of-india

The Reserve Bank of India is considering a “fundamental reform” that could help to free up the monetary transmission mechanism, Viral Acharya said on November 16.

Pass-through of the policy rate to actual lending rates was still not satisfactory, the RBI deputy governor told an audience at the Tata Institute of Fundamental Research.

The RBI is weighing a two-pronged approach that could see banks switch to a new benchmark for setting their lending rates, alongside the central bank’s broader

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: