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Banks may not cut lending rates, but cut in PPF good: Experts

Lenders also foresee a higher flow of savings into capital markets through mutual funds and other instruments

IANS  |  Chennai 

With their huge bad loans and provisioning for the same affecting their profitability, India's banks may not reduce their lending rates in the near future following the slashing of interest rates on the small savings schemes, say experts. They also predict that there will be a higher flow of savings into the capital markets via mutual funds and others. The BJP-led central government, much to the chagrin of the common man, cut the interest rates on various small savings schemes and public provident fund (PPF), citing banks' grievance that they were not able to reduce ...

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Banks may not cut lending rates, but cut in PPF good: Experts

Lenders also foresee a higher flow of savings into capital markets through mutual funds and other instruments

Lenders also foresee a higher flow of savings into capital markets through mutual funds and other instruments With their huge bad loans and provisioning for the same affecting their profitability, India's banks may not reduce their lending rates in the near future following the slashing of interest rates on the small savings schemes, say experts. They also predict that there will be a higher flow of savings into the capital markets via mutual funds and others. The BJP-led central government, much to the chagrin of the common man, cut the interest rates on various small savings schemes and public provident fund (PPF), citing banks' grievance that they were not able to reduce ... image
Business Standard
177 22

Banks may not cut lending rates, but cut in PPF good: Experts

Lenders also foresee a higher flow of savings into capital markets through mutual funds and other instruments

With their huge bad loans and provisioning for the same affecting their profitability, India's banks may not reduce their lending rates in the near future following the slashing of interest rates on the small savings schemes, say experts. They also predict that there will be a higher flow of savings into the capital markets via mutual funds and others. The BJP-led central government, much to the chagrin of the common man, cut the interest rates on various small savings schemes and public provident fund (PPF), citing banks' grievance that they were not able to reduce ...

image
Business Standard
177 22