RBI meeting on loan debt/policy on 2nd December
Posted on: 28/Nov/2014 2:20:24 PM
Reserve Bank of India has scheduled its meeting on loan policy on 2nd December.
It is expected that reduction in interest rate would be one of the outcomes of this meeting.
Central Minister of Finance, Mr. Arun Jaitley will be meeting the Governor of RBI, Mr. Raghuram Rajan, on 1st December.
It is gathered that the minister will stress on the importance and urgency to reduce interest rates.
Indian Industry has been severely affected by the burden of bank debts.
However, the inflation rate has come down to a certain extent.
RBI is expected to announce reduction on interest based on the prevailing lowered inflation.
If it comes through, there are prospects of reduction in interest rates for various loans such as house loan, vehicle loan, etc.
