BSNL employees prefer bank loans for housing,personal, vehicle etc. through nationalised banks. Some months back, nationalised banks prefer memorandum of understanding with BSNL for sanctioning bank loans through BSNL as BSNL stands for recovery of loans from staff. Now a days, it is dearer for BSNL employees to get loans through banks as no nationalised bank is coming forward to sign MOU with BSNL as Reserve Bank of India varies interest often and so no bank is a position to come forward with a specified interest for loans to BSNL employees. However it has come to our knowledge that BSNL management is trying with Union Bank of India to get loans sanctioned for our employees. Read the article as RBI is changing bank rates to contain inflation..
RBI-may-go-for-further-rate-hike-this-fiscal-Economists
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