NBFCs too lift interest rates to attract depositors

Meanwhile corporate looking for deposits too are being forced to raise interest rates

. Real estate major Unitech is offering 11% for six months while Avon Corporation and another real estate company, Kolte Patil, is paying 11.46% for for a one year deposit. Not surprisingly, most savers prefer banks.

NBFCs too lift interest rates to attract depositors

By: Bhavana Jhingan

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