A week after some major commercial banks cut their base rates (BRs), most public sector lenders are yet to pay heed to the Reserve Bank’s prodding to cut lending rates.The BR is a benchmark used by banks to price loans.Top public sector bank (PSB) executives said banks having issues with their balance sheet profile (meaning, a highly stressed asset book and a large wholesale deposits’ portfolio), and also those without fulltime chief executives, remain undecided.

Source - http://www.business-standard.com