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Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

EMIs likely to come down as RBI cuts interest rate by 35 bps

The fourth consecutive rate cut is expected to lower EMIs for home and auto buyers, and borrowing cost for corporates.

7 Aug 2019 12:49 PM IST