Thursday, December 15, 2011

RBI TO LOOK INTO LOAN RATE HIKES

The Reserve Bank of India (RBI) said that the central bank would look into why banks were raising loan rates by such hefty amounts when their costs were not going up in the same proportion. Reserve Bank of India also said that we find that banks are increasing rates by 2.5% when the cost of funds is
going up by just 1%.

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