RBI concerned over banks’ loan rate pricing

Story Comments Total Post : 3 Posted By : nalinhazarika on 08 February,2008 RBI should issue KYB ( Know Your Banker ) norms in general & individual bank’s pricing norms in particular in the line of KYC ( Know Your Customer).

If bankers have to know about the details of customers, then why not customers know about their bankers as well ???? Posted By : akmadan on 08 February,2008 It is strange most banks rush to increase the rates movement rates go up but never bother to lower once their respective rates or cost of funds come down. Posted By : geemonkb on 08 February,2008 The simplest solution will be to enact a law banning any prepayment penalty on any loans . Then the market will do the pricing correct .