Interest rate waivers for bank loans during moratorium will harm the depositors, the All India Bank Depositors' Association (AIBDA) has said adding that interest waiver of any kind will dent the credit culture and also impact the financial health of banks.
Mumbai, Oct 25: Ending the era of controlled interest rate regime, the Reserve Bank today freed savings bank deposit rates, a step which bankers said could fetch better returns for depositors as competition will intensify.
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