CA Sudhir Halakhandi (PRACTICING CHARTERED ACCOUNTANT) (13401 Points)
16 January 2009IN THE RECESSION BANKING INDUSTRY ITSELF IS FACING THE CRUNCH HENCE IS IT VIABLE TO CUT THE INTEREST RATE TO SAVE THE OTHER INDUSTRIES!!!!
WILL IT NOT AFFECT THIER OWN VIABILITY!!!!!!!!
WII IT NOT EQUALLANT TO TAKING BLOOD OF A SICK TO SAVE THE OTEHRS!!
Prakash Popat
(3134 Points)
Replied 16 January 2009
Business of Banking is Very competitive now a days,People R not affording the world Highest ROI,If You study from different country data (Deposit-Advances Rate)Gap may be highest in INDIA.Try the real effective cut in interest rate and C the effects,May be more business for bankers.
Prakash Popat
(3134 Points)
Replied 16 January 2009
Indian Bankers never try to do the business in different patterns and fashions.
shailesh agarwal
(professional accountant)
(7642 Points)
Replied 16 January 2009
A AGREE WITH PRAKASH POPAT
CAclubindia
