Banks requesting RBI to lower the interest rates
By Vaibhav Aggarwal
Mar 19, 2014
Print    Email    RSS   

Before the Monetary policy Review to be held in April, the banks have requested the Apex bank to have meeting and cut down the interest rates in order to revive investment flow. In the meeting the bank will be requesting to cut short the rate and will be putting forward their situation. It has been reported that banks are facing lack of demand in loans as well as accelerated deterioration of bad loans. In order to curb with their problem they want RBI to help them out.

They believe that the lowering of rates will help in sustaining the economic fortunes of the corporate world.The governor of RBI Mr. Rajan has raised the rates thrice since the September last year, still lenders are expecting lower interest rates. The RBI will be meeting on 1st April for monetary policy review.

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

 Select a product:

Man caught for committing bank fraud
This is how a bank lends money
12 point conduct checklist for bank and...
Carnival of Indian Personal Finance Blogs #3
Personal Loan Vs. Cash advance from credit...

to know the account number
What is the outstanding Amount for my personal loan
ho many month balance in My Personal loan
i need my personal loan track statement

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