RBI Governor Sanjay Malhotra urges banks to leverage technology and reduce costs in easing cycle

Mumbai: Reserve Bank of India (RBI) Governor Sanjay Malhotra told bank CEOs on Tuesday that the 125 basis point rate cut so far in the current easing cycle, combined with greater use of technology, should translate into lower intermediation costs and higher efficiency, supporting sustainable growth and deeper financial inclusion.One basis point is one hundredth […]