Expect RBI to cut rates soon: RK Bansal
RK Bansal, ED at IDBI Bank talks about the cuts in home loan rates and the dynamics of taking these rate cuts now. "…Keeping in view growth prospects interest rates should go down, it's a 50-50…," he said while talking about the expectations of rate cuts by RBI. IDBI has taken 50 bps cut in home loans between Rs 23 lakh to less than Rs 75 lakh and around 75 bps cut in home loans of Rs 75 lakh and above.
