SC seeks RBI response on plea against banks

The Reserve Bank of India (RBI) undertakes bi-monthly monetary policy review and sets the repo rate -- at which it lends money to the banking/financial system, setting the tone for the interest rate regime which impacts, among others, EMI for home and auto loans. Reverse repo is the rate at which it borrows money from banks.

from Times of India https://ift.tt/2yiPpHE