The Chimera Of Falling Interest Rates

But at the same time, the rejuvenated non-bank finance companies have started their hardsell with transparent interest rates. Reliance Capital is in the market to raise Rs 2,000 crore with interest on its paper pegged at 20 per cent for five years. To the extent this is indicative of lending rates in the long-term outside the banking sector, it clashes with corporates