Banks bow to big cos, cut short-term rates (Business Standard India)
Story date: 2007-10-07 11:49:44
Added on: 2007-10-07 19:00:14
Surplus liquidity, flat credit off-take make banks generous. Faced with abundant liquidity and flat credit off-take, banks are reversing interest rate hikes charged to large companies a few months ago and providing them short-term loans at rates that just about cover their costs.
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