Savings bank interest rate – case for deregulation?

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Savings bank interest rate – case for deregulation?

The momentum for Deregulation of Savings Bank Interest rate seems to be picking up speed.

This issue was one of the points in the “Key Note Address at the Panel Session on “Setting new paradigm in regulation”
(Keynote address by Smt. Usha Thorat, Deputy Governor, Reserve Bank of India at the Panel Session on ‘Setting New Paradigm in Regulation’ at the FICCI-IBA Conference on ‘Global Banking: Paradigm Shift’ on September 8, 2010)”

The Address can be accessed @

http://rbi.org.in/scripts/BS_SpeechesView.aspx?Id=521

Vide the above address, Smt.Usha Thorat, has indicated that Working Group will be set up to examine the various pros and cons of Deregulation of Savings Bank Interest rate

I would request readers to via my earlier post on the Deregulation of Savings Bank Interest rate, for a different perspective.
http://simplybanking.wordpress.com/2010/06/27/deregulation-of-savings-bank-interest-rates-–-valid-period/



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