Wednesday, July 4, 2012

Interest rate hurting; RBI should cut rate gradually: Kamath

High interest rate is hurting the common man and RBI should cut interest rate gradually to spur economic growth, ICICI Bank Chairman K V Kamath has said. "I would think that we cannot dismantle rate which is very high. We have to do it gradually ... To kick-start demand at the hands of retails individual that's where large part of growth would come from," ..............

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