{"id":22819,"date":"2016-11-16T12:04:56","date_gmt":"2016-11-16T06:34:56","guid":{"rendered":"http:\/\/officechai.com\/?p=22819"},"modified":"2016-11-16T12:04:56","modified_gmt":"2016-11-16T06:34:56","slug":"interest-rates-demonetization","status":"publish","type":"post","link":"https:\/\/officechai.com\/news\/interest-rates-demonetization\/","title":{"rendered":"All Interest Rates To Fall Very Soon: SBI Chief Arundhati Bhattacharya"},"content":{"rendered":"<p><span style=\"font-size: 12pt; color: #000000;\">If you&#8217;ve been on the lookout for a loan, the demonetization drive couldn&#8217;t have come at a better time.<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">Interest rates across the board are expected to fall following the government&#8217;s shock <span style=\"color: #33cccc;\"><a style=\"color: #33cccc;\" href=\"http:\/\/officechai.com\/news\/pm-modi-announces-rs-500-rs-1000-notes-discontinued-fight-black-money\/\" target=\"_blank\">move<\/a><\/span> to scrap Rs. 500 and Rs. 1000 notes. &#8220;All rates will fall. It will happen very soon,&#8221; <span style=\"color: #33cccc;\"><a style=\"color: #33cccc;\" href=\"http:\/\/economictimes.indiatimes.com\/opinion\/interviews\/all-interest-rates-will-fall-very-soon-arundhati-bhattacharya-sbi\/articleshow\/55444699.cms?utm_source=facebook.com&amp;utm_medium=referral&amp;utm_campaign=ETFBMain\" target=\"_blank\">said<\/a><\/span> Arundhati Bhattacharya, Chairman of SBI, India&#8217;s biggest bank.<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\"><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-22820 size-full\" src=\"https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2016\/11\/Arundhati-Bhattacharya-1.jpg?resize=600%2C400\" alt=\"interest rates demonetization\" width=\"600\" height=\"400\" srcset=\"https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2016\/11\/Arundhati-Bhattacharya-1.jpg?w=600&amp;ssl=1 600w, https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2016\/11\/Arundhati-Bhattacharya-1.jpg?resize=300%2C200&amp;ssl=1 300w, https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2016\/11\/Arundhati-Bhattacharya-1.jpg?resize=500%2C333&amp;ssl=1 500w, https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2016\/11\/Arundhati-Bhattacharya-1.jpg?resize=95%2C62&amp;ssl=1 95w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">Banks across the country have been collecting large sums of previously unbanked money\u00a0as people have rushed to deposit money they held as cash. State Bank and its associates have received Rs. 92,000 crore of deposits in the week following the demonetization drive. All this surplus cash with banks means that they can afford to give loans at cheaper rates. \u00a0<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">The SBI Chairman also said that after the initial rush, situations at ATMs across the country was improving. &#8220;Situation on ground is much better in most states. In a few cities like Mumbai, the queues are much smaller while the likes of Delhi, Kolkata and Bengaluru are still seeing long queues. Other states are reporting much lower turnout. Anxiety among customers has come down.&#8221;<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">She also said that\u00a0SBI was trying to make sure their ATM network was able to cope with the increased load. &#8220;Almost 43,650 of our 56,000 ATMs are up and running. All onsite ATMs are loaded four times a day and offsite ATMs are loaded at least twice,&#8221; she said.\u00a0<\/span><\/p>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>If you&#8217;ve been on the lookout for a loan, the demonetization drive couldn&#8217;t have come at a better time. Interest rates across the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":22820,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[202],"tags":[],"class_list":["post-22819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>All Interest Rates To Fall Very Soon: SBI Chief Arundhati Bhattacharya<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/officechai.com\/news\/interest-rates-demonetization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"All Interest Rates To Fall Very Soon: SBI Chief Arundhati Bhattacharya\" \/>\n<meta property=\"og:description\" content=\"If you&#8217;ve been on the lookout for a loan, the demonetization drive couldn&#8217;t have come at a better time. 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