*Headline Rates Maybe Down, Cost of Funds is Not!* Friends, I've maintained my view that coupon rates maybe cut but cost of borrowings will *not* come down. This economic times piece - https://economictimes.indiatimes.com/industry/banking/finance/banking/rate-transmission-uneven-despite-liquidity-comfort/articleshow/121119826.cms confirms my view. Cost of funds is invaluable knowledge. Some got it, some don't. Those who got it will win. Big time! *Vijay L Bhambwani*