Axis Bank sees reduction in lending rates post demonetisation
Domestic ratings agency Icra has said that it expects a 0.03-0.10 per cent dip in the cost of deposits in the near to medium term because of the surge. This reduction can be passed on to borrowers through a cut in the marginal cost of funding based lending rate.
Belagavi: Prime Minister Narendra Modi addresses at Karnataka Lingayat Education Society centenary celebrations, in Belagavi, Karnataka on Nov 13, 2016. (Photo: IANS/PIB)