RBI Governor presses banks to pass on rate cuts, boost growth

• RBI Governor urged banks to pass on rate cuts to customers to support sustainable growth.
• The RBI has reduced its key policy rate by 125 basis points to 5.25% since February 2025.
• Governor emphasized banks must avoid complacency, remain vigilant, improve customer service, and strengthen internal systems.
• Banks were asked to address growing digital fraud risks with robust, intelligence-driven safeguards.
• The meeting is part of RBI's ongoing engagement with regulated entities, reaffirming a consultative approach.

Why It Matters: It affects your loan costs and banking safety.