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Banks are reducing Interest rates AGAIN!!!

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Banks are reducing Interest rates AGAIN!!!

Is this decrease in Interest rates done so that the NPL does not rise by a huge amount?
I mean, a person taking a loan has to pay less interest, and thus the cost of converting that loan to a NPL is less.
Or is there a specific reason?Like, who would keep an FD at 7-8%?

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Topics Covered in this post:
Rates | Banks | reducing | Economy | Interest
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