Profit

Will Lower Lending Rates As Cost of Funds Go Down: Keki Mistry

PUBLISHED ON: April 5, 2016 | Duration: 5 min, 25 sec

facebooktwitteremailkoo
loading..
Keki Mistry, vice chairman and CEO, HDFC, says the RBI has in its policy review announced measures to ease liquidity. This along with the cut in small savings interest rate will enable lenders to reduce deposit rates which will in turn result in a lower marginal cost of funds, allowing banks to pass on the rate cuts to consumers, he adds.
ALSO WATCH
Reserve Bank Of India's Directive To Lenders

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Listen to the latest songs, only on JioSaavn.com