Sunday , November 24 2024

Business

An uphill climb for people as banks hike interest rates on loans due to drop in deposits – News India Live

The Monetary Policy Committee of the Reserve Bank of India (RBI) is likely to meet this week and may extend the rate cut till December with no change on interest rates. Amid analysts' expectations, banks are selectively increasing deposit rates and interest rates. People are finding it difficult to borrow …

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