High Interest Rate
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RBI Mute Spectator As Banks Charge High Interest Rates: Allahabad High Court
The Allahabad High Court has observed that the Reserve Bank of India has been a "mute spectator" while banks are imposing arbitrarily high interest rates on customers despite guidelines issued by the banking regulator.
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High Interest Rates Will Make Indian Economy Sluggish: Arun Jaitley
Justifying slashing of interest rate on small saving instruments like PPF, Finance Minister Arun Jaitley today said interest rates in India are "extraordinarily" high and the country risks becoming the most sluggish economy if lending rates continue to rule high.
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Orissa: Loans driving farmers to suicide
In 2009, 43 farmers in Orissa committed suicide. They were all small farmers who couldn't access institutional loan and had to borrow from microfinance NGOs at an exorbitant rate of interest.
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RBI Mute Spectator As Banks Charge High Interest Rates: Allahabad High Court
The Allahabad High Court has observed that the Reserve Bank of India has been a "mute spectator" while banks are imposing arbitrarily high interest rates on customers despite guidelines issued by the banking regulator.
-
High Interest Rates Will Make Indian Economy Sluggish: Arun Jaitley
Justifying slashing of interest rate on small saving instruments like PPF, Finance Minister Arun Jaitley today said interest rates in India are "extraordinarily" high and the country risks becoming the most sluggish economy if lending rates continue to rule high.
-
Orissa: Loans driving farmers to suicide
In 2009, 43 farmers in Orissa committed suicide. They were all small farmers who couldn't access institutional loan and had to borrow from microfinance NGOs at an exorbitant rate of interest.
