RBI's Rate Cuts Fail to Revive Lending in India

The central bank lowered interest rates to encourage banks to lend more money, hoping to boost the economy.

However, it hasn't worked as expected.

Lending to individuals and businesses has slowed down.

This is due to past actions to curb excessive lending, and businesses are hesitant to borrow more because of uncertainties in the economy.

Although interest rates are going down, banks are slow to pass on these savings, and businesses are finding cheaper ways to get money elsewhere.

Therefore, even with lower interest rates, companies aren't borrowing more, slowing down overall economic growth.