Due To Global Melt Down,is There Any Possibility That Indian Bank Relax The Terms And Rate Of Intrest For Sme?
21 Nov
Posted by as Bank
Small and midium business sectors in India are faceing problems since public sector banks terms for funding is not flexible.Under the present circustanses whether govnt.will relex the terms and rate of intrest on lending to boost business sector as they are trying to do with housing loan and vehical loans.
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3 Responses
Ramasubr
November 21st, 2009 at 7:18 pm
1It was expected to lower the rates as the effect is not bad on our banking sector government may pressurize the bank to lower the interest rate.
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November 21st, 2009 at 10:46 pm
2Less chances of lowering of interest in business loans, since this loan falls under the high risk category. RBI doesn’t want to get into anything risky!!
consulta
November 22nd, 2009 at 12:04 am
3there is a chance of rbi further reducing interest rates and making credit easily available to the business sector for boosting the economy
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