RBI and announced specific concessions to Banks to reduce their Finance costs and easing funds availability due to Corona Virus pandemic.

But like in the past these concessions are being passed on to consumers.

These are being used by banks to fatten their profits and in turn the bank management and Board of Directors to earn bonuses profiting from the misery of consumers in this pandemic time. 

We have all seen that costs of their misjudgment, mistakes, mismanagement etc.(in the form of NPAs) is always born by the public/consumers in the form of reduced interests on FDs,  increased service charges etc. without them (the bank management) being ever penalised.

And RBI's advisories to pass on benefits to consumers are always flouted on various pretexts.

So the RBI should institute a binding mechanism for these benefits to reach consumers.