Banks reluctant to reduce lending rates
Bankers argue that unless their cost of funds declines, a reduction in loan rates would hurt their business
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S,U R True. I will also join in your group.I never seen this kind of Bank in the world. When the interest rate hikes,Existing customers will be the first person to take the new interest rate.Y they are not eligible for the reduced interest rate in housing loan??
I am also trying to switch over the loan to other Bank.
Kannan