Banks pass on less than half of rate cuts signalled by the Reserve Bank of India since March

Despite the RBI signaling 115 basis point(one bps is 0.01%) reduction of its benchmark repo rate - the rate at which it lends to banks - since March 2020, weighted average lending rates have fallen by 40 bps and 50bps on outstanding and fresh loans respectively between April and November.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-pass-on-less-than-half-of-rate-cuts-signalled-by-the-reserve-bank-of-india-since-march/articleshow/80100054.cms