RBI Governor: Rate Cuts Transmitted, Loan Rates Fall

The head of India's central bank says that interest rate cuts are helping people get loans at lower rates.

He explained that the central bank has lowered interest rates, and this is making it cheaper for people and businesses to borrow money.

This is a sign that the central bank's policies are working as planned, encouraging borrowing and economic activity.

Even though the growth of new loans has slowed down a bit, it's still doing well compared to how things have been in the past.

The bank is also prepared to use other tools if needed, and the next meeting to discuss interest rates is coming up soon.