Retail Banking: Not in your interest

Will RBI look at some of these banking practices?

There is a variety of anti-consumer banking practices that the Reserve Bank of India (RBI) must address. For instance, banks gleefully charge BPLR (benchmark prime lending rate)-linked interest rate to their borrowers, every time the RBI hikes the bank rate. And yet, they do not offer a BPLR-linked fixed deposit (FD) interest to their...

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