Floating rate interest on retail term deposits, while a popular product in the US and Europe, is mostly unheard of India. State-owned IDBI Bank on Wednesday launched such a scheme, which will be benchmarked to the average yield of 364-day treasury bill auctions undertaken by RBI during the preceding three months. Should you subscribe to it?
Amid growing concerns of rising risks in infrastructure loans, lenders turn averse to fresh infra-lending, so far the key driver for overall credit off-take. Rather, banks are looking at manufacturing sector and mid size corporates to diversify their loan portfolios.
VD Mhaiskar, CMD, IRB Infrastructure Developers in an interview on CNBC-TV18 spoke said that they are starting to see some movement from the NHAI in awarding financial bids.