Rajan sees banks passing on the benefit of lower rates regime to customers.
'If an investor is ready to stay put for the next five years, one can consider investing in mid- and small-cap funds, but through SIPs.'
Let's take a quick look at what all these terms mean to see how they affect the loan interest rates.
With many getting payment reminders, confusion prevails among borrowers, term-plan investors and credit cardholders over the implementation of the three-month moratorium on all loan repayments amid disruptions caused by the coronavirus outbreak. As part of measures to alleviate hardships faced by people, the Reserve Bank of India, on March 27, announced a slew of steps, including a three-month moratorium on loan repayments.
The RBI has targeted consumer price inflation at 6 per cent by January and 4 per cent by March 2018.