View: Put depositors first. Relief to borrowers not at their cost

Bank depositors are typically the most risk averse — the retired earning monthly income from deposits, or those saving for the future or simply keeping savings safe in banks till it’s needed. Denying interest to crores of such depositors to benefit a few lakh borrowers, as the RBI governor said, can cause immense misery.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2ZSJl7g