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RBI push to link loans to repo rate will not bring cheers to home-loan borrowers; banks have again found a way not to fall in line
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RBI push to link loans to repo rate will not bring cheers to home-loan borrowers; banks have again found a way not to fall in line

If there was an expectation that the new repo-rate linked loan rate-setting mechanism will lower the EMI burden on borrowers, it has been proved wrong.