As banks lower lending rates, depositors will be hit, says Maharashtra Cong leader

As banks lower lending rates, depositors will be hit, says Maharashtra Cong leader https://www.taxtmi.com/news?id=46074 Repo rate and Cash Reserve Ratio reductions aim to boost credit and lower lending costs, but banks' lowering of lending rates will likely reduce deposit interest rates, eroding purchasing power of retirees and middle class savers. The statement calls for monetary and fiscal authorities to recognise depositors' role and provide explicit protections to restore confidence in the banking and financial system. en-us Mon, 09 Jun 2025 18:16:03 +0530 Mon, 09 Jun 2025 18:16:03 +0530 TaxTMI RSS Generator As banks lower lending rates, depositors will be hit, says Maharashtra Cong leader https://www.taxtmi.com/news?id=46074 Repo rate and Cash Reserve Ratio reductions aim to boost credit and lower lending costs, but banks' lowering of lending rates will likely reduce deposit interest rates, eroding purchasing power of retirees and middle class savers. The statement calls for monetary and fiscal authorities to recognise depositors' role and provide explicit protections to restore confidence in the banking and financial system. News - Mon, 09 Jun 2025 18:16:03 +0530 https://www.taxtmi.com/news?id=46074