Why is RBI governor begging when he could dictate?

CA Anil Garg , Last updated: 06 August 2015  
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For quite some time now, RBI Governor has been openly cribbing about commercial banks not passing on the benefits of interest rate cuts announced by him, to their customers. Only yesterday (4-8-15), he mentioned that average rate cuts passed on by commercial banks was just 0.3% as against 0.75% rate

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CA Anil Garg
(Business)
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