Despite improved liquidity and policy rate cuts by the central bank, banks have been slow to reduce lending rates for existing borrowers. MCLR-linked loan rates have seen minimal reduction (5-15 bps), while past rate hikes were more fully passed on. Experts attribute the uneven transmission to varied credit portfolios and spreads, expecting rates to remain dynamic for some time.
US stocks: US market ends down as oil prices, Treasury yields rise
In a turbulent day for Wall Street, the markets faced declines primarily driven by disappointing performances from Alphabet and Amazon, compounded by increasing Treasury yields.
September 23, 2026