Bankers said the move will delay margin recovery since they cannot cut deposit rates sharply due to stiff competition from alternative investment avenues such as mutual funds.Though the lending rate cut is lower than the 25-basis point repo rate cut announced by the RBI, it is likely to delay the recovery in bank NIMs, they said.On Friday, SBI cut its benchmark MCLR rate by five basis points across all tenures. The interest rate on its special Amrit Vrishti 444-day deposit scheme was also cut by 15 basis p ...