Power of rbi to fixing the limit of sanction interest rate b

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 July 2012 has RBI Put the mandatory limit of sanctioning loan interest rate to co-op bank or nationalized bank that below particular interest rate bank can not sanctioned the term loan proposal?

what is truth in above sentences?

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24 July 2012 Yes, all rates are revised by the RBI. The catch is that there is a difference between the rates decide by RBI & what bank charges. They will reduce the rates (Discounts) but will never go below the RBI rate.



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