Patel cautions on interest rate subvention, credit gurantees

Speaking at the Gujarat Vibrant Summit, Patel said that steep interest rate subventions decreases safeguard against risks, especially when protection is given to people.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap Tech Control

Budget 2017

Presented By:

DAYS hours minutes
Presented by :

Co-Presenting Sponsor :

Associate Sponsors :

Co-Presenting Sponsor :

Associate Sponsors :

Home » News » Current Affairs

Jan 12, 2017, 08.57 AM | Source: Moneycontrol.com

Patel cautions on interest rate subvention, credit gurantees

Speaking at the Gujarat Vibrant Summit, Patel said that steep interest rate subventions decreases safeguard against risks, especially when protection is given to people.

Like this story, share it with millions of investors on M3

Patel cautions on interest rate subvention, credit gurantees

Speaking at the Gujarat Vibrant Summit, Patel said that steep interest rate subventions decreases safeguard against risks, especially when protection is given to people.

Post Your Comments

Share Cancel

Moneycontrol Bureau

The central bank governor Urjit Patel on Wednesday cautioned the government on credit guarantees and interest rate subvention, reports Business Standard

The government had recently raised the ceiling for credit guarantees on loans to small businesses to Rs 2 crore from the earlier Rs 1 crore. The Modi-led government also declared a 4 percent interest rate relief on housing loans of up to R 9 lakh and 3 percent on loans up to Rs 12 lakh.

Speaking at the Gujarat Vibrant Summit, Patel said that the steep interest rate subventions reduces safeguard against risks, especially when protection is given to people.

Patel further said that such guarantees need to be used judiciously. Credit guarantees can be used to solve issues to an extent and have limited utility.

India’s ability to improve its credit rating is limited because of the Centre’s high borrowing. According to the International Monetary Fund data, the country’s general deficit was the highest among the G20 countries.
Buy, Hold, Sell ? Hear it first on M3
Patel cautions on interest rate subvention, credit gurantees

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login