Business Daily from THE HINDU group of publications
Tuesday, November 4, 2008
ePaper | Mobile/PDA Version | Audio
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Business Daily from THE HINDU group of publications Tuesday, November 4, 2008 ePaper | Mobile/PDA Version | Audio |
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Update at 1900 hrs (IST)
Macro Economy Credit guarantee on loans to be extended to Rs 1 cr NEW DELHI: The Finance Minister, Mr P. Chidambaram, announced on Tuesday that the credit guarantee on loans will be extended to Rs 1 crore. Adequate finance will be provided for the housing and SME sectors, he said. The Finance Minister met the top executives of public sector banks earlier in the day. The banks have assured the Government that they will look into the demand for lowering interest rates. The Finance Secretary and the RBI Deputy Governor will meet heads of private sector banks to discuss lowering of lending rates, Mr Chidambaram added. – PTI
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