View: Put depositors first. Relief to borrowers not at their cost
Bank depositors are typically the most risk averse — the retired earning monthly income from deposits, or those saving for the future or simply keeping savings safe in banks till it’s needed. Denying interest to crores of such depositors to benefit a few lakh borrowers, as the RBI governor said, can cause immense misery.
from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/view-put-depositors-first-relief-to-borrowers-not-at-their-cost/articleshow/78227597.cms
from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/view-put-depositors-first-relief-to-borrowers-not-at-their-cost/articleshow/78227597.cms
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