Monday, September 3, 2012

Have the rates increased after the prepayment penalty has been scrapped?

Almost a year ago, I had written that there was no reason for the banks to increase the interest rates in case the prepayment penalty was scrapped. 

Now nearly 10 months after the NHB and RBI told the NBFCs and Banks to stop charging for prepayment, not one bank dared to increase the interest rate. 

1 comment:

  1. Yes i read your article on bank interest rates at that time and its a very good thing to for all that finally banks are not increasing their interest rates.