Why should customers pay for policy changes – The Urban Debate (March 21)
March 22, 2017
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1:00:22Now PlayingWhy should customers pay for policy changes – The Urban Debate (March 21)
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as posted by the channelIn January this year, home loan borrowers celebrated when the RBI reduced rates, but the celebration didn't last long, when borrowers realized that banks had no intention to pass on the rate cut to those who were existing customers. The lower rates are only being offered to new borrowers in a bid to grow their lending business. To make matters worse, banks have begun charging customers for simply holding savings accounts. Are these charges ethical? Magicbricks NOW caught up with Harsh Roongta: SEBI Regd Investment Advisor; Dhirendra Kumar: CEO, Value Research; Sucheta Dalal: Managing Editor Moneylife, Trustee MoneylifeIndia; Ryan Fernandes: Loan Borrower; Vishwas Utagi: General Secretary Maharashtra State Bank Employees Federation and Vice President All India Bank Employees Association; Sujay Kantawala: Senior Lawyer; and Bejon Mishra, Activist. Take a look.
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