RBI to set up committee to look into fixed rate loan products

According to the Deputy Governor of RBI, Mr. Anand Sinha, the Reserve Bank of India (RBI) is planning to set up a committee to look into the issue of facilitating the development of fixed rate loan products in the Indian banking system.

Explaining the rationale behind the move, Mr. Sinha said it is the question of market development as consumer should get a range of products to make a choice.

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