......Why aren’t the banks lowering their low rates? They cannot do so because their bad assets are growing and they need to set aside more money to take care of that. Besides, they are also setting aside money for the statutory dues of their employees, such as pension and gratuity, which they had not done before. The impact of the combined provision on their balance sheets is quite big. On top of that, if they want to cut their loan rates, their interest income will go down, and that will affect their profitability......
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