Good news lined up for the loan customers. Yesterday the governor of the apex bank Mr. Rajan announced that EMIs are likely to fall soon. RBI has maintined the same rate. The bank has kept the rates unchanged, though it was expected that there will be a lowering in the borrowing cost. Further it is alos informed that the repo rate is maintained same i.e. 8% and CRR is maintained at 4%.
Industry Lenders are demanding for the cheaper loans. Rajan, however, made it clear that the RBI would not compromise on its commitment on price control till it is convinced that inflation is fully tamed.Falling inflation rates have renewed the hopes that banks would lower the loan rates.