In an interview with CNBC-TV18, Saurabh Chawla, Senior ED of Finance at DLF said that the rationale behind this JV is to increase focus on premium and luxury projects and Ridgewood will take 100 percent control in certain projects post re-alignement.
Speaking to CNBC-TV18, SKV Srinivasan, executive director- retail banking, IDBI Bank, says its deposit rates revision is a mere realignment of rate of interests.