Thursday, February 2, 2012

Freeing up of savings A/c rates: No unhealthy competition, says RBI

... After interest rates on savings bank accounts were freed, the early signs are that there are no major shifts in preference on the part of account holders towards those offering higher rates or any big product innovations. None of the top banks has raised interest rates on savings bank accounts beyond the mandatory levels, but none seems to have been impacted either......

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