NEWS & ADVICE : PERSONAL LOAN
Banks asked RBI to cut down rates
By Vaibhav Aggarwal
Sep 17, 2014
Print    Email    RSS   

It has been reported that the banks have asked the the apex bank to reduce the repo rate - the rate at which apex bank lends money to other banks. Banks are facing slowdown in the credit growth therefore they want RBI to cut down the rate.

Growth in the loans have fall down to 11% from 16.8% and the deposit growth has stood at 13.6%.Last day the RBI has organised a meeting to dicuss the issue with the deputy governor and representatives from several banks fund houses and microfinance institutions. The repo rate, eight per cent as of now, has been unchanged since the central bank’s first bi-monthly monetary policy review in April.Raghu rajan stated that at present inflation is high and terefore it is difficult to slow down the rate.

 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Personal loans in India: Features and...
Winning in Emerging Markets by Tarun...
Carnival of Indian Personal Finance Blogs #6
Carnival of Indian Personal Finance Blogs #3
Bank loans that could glitter for you


EMI statement
i want to personal loan 20000 rupees in canara bank...
फ्री फ्री फ्री फ्री...
i need my personal loan track statement
personal loan status of agreement number...
SIR/MADAM MY SELF PRIYA SHARMA PAN CARD FFTPS3791P...

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive