New Indian central bank head?s arduous task: getting banks to lower rates

[ahlam1399]

New Indian central bank head?s arduous task: getting banks to lower rates

New Indian central bank head?s arduous task: getting banks to lower rates
MUMBAI (Reuters) - One of the biggest challenges for India's incoming central bank chief is a problem he and his predecessor have long grappled with - how to spur stubborn state banks to cut borrowing costs more aggressively to boost the eco**my.

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