%A Ajit Ranade
%T Borrowers versus Depositors
%! Borrowers versus Depositors
%X A former RBI Governor once said, that the lobby for rate cuts is very strong, but nobody calls for a rate hike on behalf of depositors. Those people who depend on “fixed income products” like bank FD’s, or pension trusts, for their income, are deeply dismayed when rates are cut.
%U https://www.thebillionpress.org/columns/economy/borrowers-versus-depositors-1052