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Banking & Insurance Professionals
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Question posted: 02 01 2009 15:05:54 +0000,
1 answers, 106 views, last activity
07 06 2010 20:18:08 +0000
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Absolutely....it is about passing on the benefit to the customer thereby reviving the distressed real estate sector as well. Private lenders like HDFC and ICICI should also follow suit as it seems very unjustified when one lender is charging 8-9% while some others are still charging 11-12%. Moreover, this move from the country's biggest bank will result in more disposable money in the hands of the consumer.
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