RBI has no plan to stop teaser loans: Subir Gokarn
Friday, December 23, 2011
The Economic Times
MUMBAI: Reserve Bank Deputy Governor Subir Gokarn today said the central bank has no plan to ban teaser loans but warned that any such product will attract 2 per cent additional provisioning.
"There is no attempt or intent on the part of RBI to stop these products or prevent them any way. We are only saying that there is some additional risks involved in such products and hence more provisioning have to be made for any such products," Gokarn told reporters on the sidelines of a Ficci seminar here.
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