Banks interest rates to see a big correction: AK Purwar
April 13th, 2009
AK Purwar, Chairman of India Venture Advisors and former Chairman of State Bank of India is of the view that due to the current inflation rate which is hovering around 3%, and the constant signals which have been coming from the RBI, the deduction in interest rates on the bank sides is now becoming a little overdue. He personally believes that the interest rates are headed downwards and a big correction is due.