NEWS & ADVICE : SAVINGS ACCOUNTS
Reliefs for banks, but borrowers still have to wait.
By Vaibhav Aggarwal
Dec 19, 2013
Print    Email    RSS   

When everyone was expecting the rise in rates, Reserve bank of India surprised banks by keeping the rates same. However this has bring the moment of happiness for the banks but the borrowers still need to wait to celebrate this moment, since the banks are reluctant to lower the rates.

There is a significant improvement in liquidity condition of the banks. RBI measures since September has helped the banks a lot in improving the situation. It was expected the base rate will rise by 0.25 or 0.50 bps, but RBI kept it same 7.75%, which gave a big sigh of relief to the bankers. Hither to the PSU banks HDFC, SBI banks raised the lending rates in last month. Banks are not ready to cut the rates yet. There is a significant improvement in liquidity condition of the banks.


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

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
PPF- How good an investment option!!
Carnival of Indian Personal Finance Blogs #4
12 point conduct checklist for bank and...
Personal Finance for the 21st century...
Carnival of Indian Personal Finance Blogs #1


I WANT TO UPDATE MY MOBILE NUMBER IN SB ACCOUNT IN...
I wanr my account details from 01.04.17 to 31.07.17....
i WANT MY ACCOUNT DETAILS FROM 31.3.2016 TO...
My ac no is 501790977325. Plz check my account...
who to check my saving account balance in online
what is my CIF no. which is not clear on my pass book

NEWS THIS WEEK
HDFC bank adjudged as the Best private bank in India Feb 16, 2015
HDFC reported an increase of 20% in its net profit Feb 16, 2015
ICICI bank launched Flash remit facility Feb 13, 2015
BOM launched new savings deposit scheme for HNI customers Feb 12, 2015
BMB bank to have a total of 80 branches by the March end. Feb 10, 2015
News Archive