 "Risk to asset quality from aviation sector fall, banks tell RBI")
[caption id=“attachment_278641” align=“alignleft” width=“380” caption=“AFP”]  [/caption]
Lenders have told the Reserve Bank of India (RBI) that risks to asset quality from the aviation sector have reduced, Governor Duvvuri Subbarao said on Tuesday at a post-policy media conference.
Earlier in the day, the RBI cut interest rates for the first time in three years by an unexpectedly sharp 50 basis points to give a boost to sagging economic growth, but warned that there is limited scope for further rate cuts.
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