IN 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!!
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.
Indian Bankers never try to do the business in different patterns and fashions.
A AGREE WITH PRAKASH POPAT
CAclubindia
