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NO MORE RATE CUTS: Bankers say they earn only 5 per cent interest on cash they keep with the RBI.

NO MORE RATE CUTS: Bankers say they earn only 5 per cent interest on cash they keep with the RBI.

Banks won't slash loan rates this New Year

This new year, banks are giving no gift to borrowers. Bank authorities have told Network18 that they just can't slash rates anymore even if the Reserve Bank of India cuts repo and reverse repo rates further.

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