RBI's lower interest rates need to be transmitted to end customers, says EEPC India Chairman Share Synopsis Commenting on monetary policy statement, Mr Desai said that RBI must advise all the banks to pass on full benefits of low interest rate to borrowers especially SMEs. AFP While Reserve Bank of India's lower interest rate regime is intended at supporting growth, steps need to be taken for full transmission of the rates to the exporters and end-customers at large. Export finance continues to be high in the country when compared with other similar markets, said EEPC India chairman Mr Mahesh Desai.