news details |
|
|
| Bankers to cut rates this month | | | Early Times Reporter
Jammu | Feb 3
A host of public sector banks may cut lending rates following premier home loans lender HDFC slashing the rates by 0.25 per cent. At least three state-owned banks have indicated to cut rates by as much as done by HDFC, with more likely to follow in the coming weeks. Union Bank of India (UBI) Chairman M V Nair said the bank's Asset-Liability Committee (ALCO) would be meeting next week to consider a revision in rates. "There is a case for deposit rates to come down, and the the lending rates as well. Deposits are growing at around 25.5 per cent, much above the Reserve Bank's projection," he said.
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| |
|
|
|
|
 |
|
|
