Interest rate challenge: RBI not in favour of fixed-cum-floating teaser loans

The central bank is likely to take such a view following comments from State Bank of India chairman Rajnish Kumar that the lender would seek clarifications from the RBI on whether it could offer long-term home loans with fixed rates in the beginning and floating rates later.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LVH7MI