RBI governor Shaktikanta Das discusses rate transmission with PSBs

In a meeting with public sector bank (PSB) chiefs on Tuesday, Reserve Bank of India (RBI) Governor Shaktikanta Das reviewed the process of transmission of lower policy rates being undertaken by the state-owned banks.

The RBI governor also reviewed the credit off-take situation prevailing in the economy amid a slowdown, said sources. The RBI had called a meeting of public sector banks a day after Finance Minister Nirmala Sitharaman met PSB chiefs in New Delhi.

A public sector bank chief, who attended the meeting with the RBI governor, said: “It was a general meeting where monetary transmission and surprises that might spring