However, this is not the first case of negative interest rates, banks across Europe and Japan have been offering negative interest rates.
Denmark's third-largest lender, Jyske Bank, introduced 10-year home loans at a negative interest rate of 0.5 percent.
However, this is not the first case of negative interest rates, banks across Europe and Japan have been offering negative interest rates.Shradhha Sharma chats with Moneycontrol Deputy Executive Editor Ravi Krishnan to find out what negative interest rates mean and if it could be implemented in IndiaGet access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.