RBI’s rate cut may not bring immediate EMI relief for all borrowers
Last Update Date: 06-10-2026
Published by Mint
Abhishek Kumar's role: Quoted
Abhishek Kumar pointed out that NBFCs with stronger credit ratings may be better able to pass on rate cuts, since they can raise funds more cheaply and have better access to funding.
More of Abhishek's views on debt and loans
The article explains why the RBI's repo rate and CRR cuts may not lower EMIs for every borrower. It covers fixed-rate loans such as personal loans, the slower pass-through on loans linked to internal benchmarks like MCLR, faster transmission on repo-linked loans, and how NBFCs set their own lending rates.
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RBI’s rate cut may not bring immediate EMI relief for all borrowers