Loans against fixed deposits - cheap for borrowers, safe for banks

Posted: 02 Jun 2011 05:50 PM PDT

Loans against bank fixed deposits are gaining traction. On a year-on-year basis, these loans jumped by about 25 per cent in April 2011, against about 3 per cent in April 2010. In absolute terms, loans against bank deposits shot up by Rs 11,966 crore between April 23, 2010 and April 22, 2011, against just Rs 1,286 crore between April 24, 2009 and April 23, 2010, as per Reserve Bank of India's...

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