RBI Cuts Interest Rates, EMIs Still High – What You Need to Know 💸

Speak out India is a NewsX special program which focuses on the main news event of the day. It's been a week since the RBI cut key interest rates, but consumers are yet to feel the relief in their EMIs. Banks, it seems are quick to raise rates along with the RBI, but when the central banks starts slashing, bankers would rather keep the profits at your expense. So why is the government doing nothing and why even public sector banks are allowed to get away with undercutting policy and hurting the consumer. We ask today-Are public banks betraying public 'interest' by refusing to cut lending rates? India comments and shares its views only at this NewsX special show Speak out India.<br />For more log onto- http://alpha.newsx.com