Banks still have room to reduce lending rates

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Dhiraj Jain Director, Mahagun Group

“Even though the RBI has not cut the repo rate, there is a lot of room for the banks to reduce the lending rates further. The previous repo rate reductions by the apex bank are yet to offer the complete results; that is held by the banks. A lending rate of 6-7 per cent is ideal for the realty sector.”

Dhiraj Jain, Director, Mahagun Group