<p>“Overall interest rates will remain the same...(However) in segments where interest rates are mis-priced, you could see some increase...like in short-term corporate loans,” he told reporters here.<br /><br />Banks generally lend to customers, primarily corporate clients, at much lower rates below their benchmark prime lending rate (BPLR), popularly known as the sub-PLR rates.<br /><br />Following earlier-than-expected economic recovery but amidst galloping food inflation, the RBI, in its third quarterly monetary policy review on January 29, begun an exit from the easy money regime by upping cash reserve ratio— the amount of money banks have to keep with the RBI to meet prudential norms- by 0.75 per cent to 5. 75 per cent.</p>
<p>“Overall interest rates will remain the same...(However) in segments where interest rates are mis-priced, you could see some increase...like in short-term corporate loans,” he told reporters here.<br /><br />Banks generally lend to customers, primarily corporate clients, at much lower rates below their benchmark prime lending rate (BPLR), popularly known as the sub-PLR rates.<br /><br />Following earlier-than-expected economic recovery but amidst galloping food inflation, the RBI, in its third quarterly monetary policy review on January 29, begun an exit from the easy money regime by upping cash reserve ratio— the amount of money banks have to keep with the RBI to meet prudential norms- by 0.75 per cent to 5. 75 per cent.</p>