Experts Speak

Only big borrowers will gain

K V Krishnamurthy, CMD, BoI

All the speculations and predictions have come to an end with the announcement of the credit policy, which has whipped up positive sentiments in the market.

The economists and their theories presume that all the interest rates should follow the movement of the bank rate. Strangely, in our country, the custom and system always defy the theory.

A cut in the bank rate is expected to bring down the lending rate. The banks