RBI: A Silent Spectator

Moneylife has already pointed out how State Bank of India’s (SBI) ‘zero processing fees’ offer is a sham (it merely harasses customers by transferring the cost and burden of getting various documents verified on to them) and its teaser interest rates will rise soon enough. For many months now, bankers have been agitated at SBI’s predatory action, especially since it has happened so soon after...

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