Private sector banks have always been able to charge higher loan rates than public sector lenders. But of late, the gap between the two has widened considerably
While three members highlighted the need to change the stance from accommodative to neutral, four mentioned that inflation excluding food and fuel remains “sticky†at close to 5 percent
The amount was mopped up by 109 institutions and corporates during the quarter under review. The highest mobilisation through private debt placements was by HDFC (Rs 9,610 crore), followed by PFC (Rs 9,434 crore), LIC Housing (Rs 6,912 crore) and REC (Rs 6,800 crore)
After the Reserve Bank of India signaled dearer money, it’s the banks’ turn to go on another round of interest rate hikes, reports NDTV Profit. Interest rates for all loans, individual and corporate, are set to jump, after the RBI raised key policy rates at its credit policy review held on January 25.