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Teaser loans to attract additional provisioning: RBI
The Reserve Bank of India (RBI) said on Tuesday loans that are fixed in the initial years and become floating later would be considered as teaser loans and banks must make provisions as mandated by the regulator. "Interest rates that are a mixture of these two (fixed and floating) are called teaser rates," said K C Chakrabarty, deputy governor, RBI. "If there are rules, they (teaser loan products)
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