A day after RBI governor Raghuram Rajan said that banks should not expect any action on the monetary front till the benefit is transferred to consumers, leading banks took the cue and cut rates! But is this the correct manner to bring EMIs lower? And how will it impact the business of banks? Former Deputy Governor of RBI, KC Chakrabarty joins ET NOW’s Sandeep Gurumurthi & Supriya Shrinate for an exclusive chat! Listen in to this intriguing conversation.