The rate war also comes on the back of continuous prodding by the monetary authority which has slashed the repo rates by a whopping 200 bps since March 2020 to 4 per cent to help revive the economy ravaged by the pandemic, but still credit demand remains under 6 per cent.source https://economictimes.indiatimes.com/industry/banking/finance/banking/flushed-with-liquidity-banks-slash-home-loan-rates-to-decadal-low/articleshow/81376838.cms
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