Need to pass on full benefits of low interest rate to borrowers, says EEPC India Chairman

by Nidhi Bhati

EEPC India Chairman Mahesh Desai has called for steps to be taken to pass on full benefits of Reserve Bank of India (RBI)’s low interest rate regime to borrowers specially small and medium enterprises (SMEs). Stressing that lower interest rate regime is intended at supporting growth, Desai urged the apex bank to direct all the banks for full transmission of rates to exporters and end-customers at large.