Friday, August 3, 2012

Most consumers feel bank loan rates are high

The Reserve Bank of India’s decision to leave key policy rates unchanged in its latest quarterly review is likely to leave not just industry but also consumers disappointed. The RBI’s latest Consumer Confidence Survey for the June quarter indicates that nearly three-fourths (74.8 per cent) of Indian consumers feel that current interest rates on bank loans are high, while 77.2 per cent say their deposits do not attract enough interest............

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