Wednesday, April 18, 2012

RBI bats for retail depositors, gets tough on bank NPAs

………. “The main point of the RBI was that deposit rates given to customers must be non-discriminatory, transparent and contestable. This is not micro-management; banks can calibrate deposit rates as they want, whenever they want, but all we were asking for is that they should be non-discriminatory, transparent and contestable.”…………..

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