Profit

Govt pushing for more rate cuts

PUBLISHED ON: October 13, 2007 | Duration: 3 min, 31 sec

   
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Here's the consumer bonanza. If the Finance Ministry has its way then rate cuts are here to stay, much beyond the festive season.With high interest rates choking, the growth of the loan market to a new low of 2.8 per cent, Finance Ministry officials told NDTV that they are in the process of telling all PSU banks to follow SBI and ICICI Bank.
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