RBI indicates that bank loan interest growth has reduced by 50%!
Posted on: 01/Jan/2015 2:40:10 PM
The bank loan interest growth rate for the loans extended to industrial sector has reduced by 50%.
This has been informed by the Reserve Bank of India.
The disbursement of loans during November, 2013 increased by 13.7%. However, the corresponding figure for the year 2014 has reduced to 7.3%.
At the same time, the loan interest growth rate given to the agricultural sector has increased by double!
