Jaitley: Room for further interest cuts by banks

June 12, 2015 13:18

Finance Minister Arun Jaitley says the economy is recovering from the serious challenges of the past. Retail credit has picked up, corporate credit is still to pick up. Government spending in infrastructure sector has increased. Jaitley says he has discussed with banks about the passing on of the RBI's rate cut to consumers, as also stalled projects, credit growth, education and housing loans. There is room for further interest cuts by banks, he says.

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