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FADA Letter to RBI Calls for Intervention in Rate Cuts
Financial Express Kolkata
|July 27, 2025
The Federation of Automobile Dealers Associations (FADA) has sought the Reserve Bank of India's (RBI) intervention against alleged delays by private banks in transmission of the interest rate cuts to automobile buyers.
In a letter to RBI Governor Sanjay Malhotra, FADA also called for a review of private banks' repo-rate pass-through lags in the auto-loan portfolio and issue corrective directives to ensure uniform 100% transmission to auto borrowers.
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