Reversals News
Reversal of rate cycle seen as Union Bank blinks first
The new year may bring some cheer to Indian consumers and companies on the interest rate front. Mumbai-based lender Union Bank of India has reduced its base rate, the benchmark lending rate, by 10 bps to 10.65 per cent with immediate effect. The cut is small and may not provide significant relief to borrowers, nonetheless it signals the beginning of a benign interest rate regime. This is the first
Reversals Galleries
Reversals Videos
|
|
