After trimming rates, India's banks wary of more radical cuts

April 8, 2015 1:46 PM

67 0

MUMBAI, April 8 (Reuters) - Indian banks warned on Wednesday that moves this week to trim their interest rates after months of central bank pressure would not lead to radical cuts ahead, as lenders fret over stubbornly weak credit growth and still high funding costs.

Those headaches, they say, could override the benefits including lower provisions on their books as fewer loans sour.

Read more

To category page