Indian banks unlikely to sharply trim lending rates despite new norms
The Reserve Bank of India’s move
to compel lenders to link all new floating rate retail loans to
external benchmarks is unlikely to achieve the intended goal of
reducing interest rates sharply for consumers anytime soon,
bankers and analysts said.
to compel lenders to link all new floating rate retail loans to
external benchmarks is unlikely to achieve the intended goal of
reducing interest rates sharply for consumers anytime soon,
bankers and analysts said.
Posted by Reuters
