RBI Governor Das, bankers may not be on same page over passing rate cuts

So far, SBI has reduced its home loan rates (up to Rs 30 lakh) by only five basis points (bps) after the policy rate cut of 25 bps on February 7

Reserve Bank of India (RBI) Governor Shaktikanta Das will meet bank chiefs on Thursday to impress upon the need to improve transmission within the confines of it being a business decision. However, certain indicators suggest that bankers won’t be wrong in disagreeing with Das on the all-important rates issue.
 
So far, only State Bank of India (SBI) has reduced its home loan rates (up to Rs 30 lakh) by only five basis points (bps) after the policy rate cut of 25 bps on February 7.
 
High credit deposit (CD) ratio, with incremental ratio over 100 (indicating credit disbursement