June 11, 2009
Government banks agree to consider lending rate cut
Posted by: admin : Category: Current affairs
Public sector bank chiefs said they would consider cutting lending rates over the next month, following their meeting with Finance Minister Pranab Mukherjee today. “We have not given any directives. Banks have agreed to explore the possibilities of cutting rates,” Mukherjee told reporters after the meeting, which was attended by chief executives of nearly 20 public sector banks, as well as representatives of India Infrastructure Finance Company Ltd.
