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PNB Chief Hints at Possible Rise in Interest Rates
February 08, 2018
Punjab National Bank MD Sunil Mehta, who recently announced the bank’s numbers for the third quarter, said that considering the trend of the inflation rates, the lending rates may increase in the future.
If this actually happens, then the money savers can enjoy higher earnings but the borrowers will have to deal with a higher debt.
The Reserve Bank of India (RBI) is going to announce its bi-monthly policy today and it’s expected that it will keep the interest rate on hold for the 4th time as well.
