The days of banks holding back on RBA rate cuts may be over, one major bank boss has hinted.

Speaking to investors, NAB boss Cameron Clyne has said easing funding costs have made it easier for the bank to pass on full RBA cuts. At the company's half-year results briefing yesterday, Clyne said competition for deposits was easing.
 
"Obviously if markets remain benign, both in deposit competition and wholesale, you can probably look to more interest rate cuts," Clyne said.
 
The comments came as Clyne announced the bank saw a half-year cash profit of $2.92bn, up 3.1% from a year ago. While NAB continued to see strong home loan growth, the bank's aggressive move to grab market share has slowed somewhat. NAB saw home loans grow at 1.7 times system for March 2013, compared to 2.6 times system growth for September 2012.

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