The Reserve Bank of India has, today, placed on its website, the ‘Draft Report of the Committee to assess the feasibility of introducing more long-term fixed interest rate loan products by banks’ for public comments. Comments on the draft report may be forwarded, latest by November 23, 2012, to the Chief General Manager, Internal Debt Management Department, Reserve Bank of India, Central Office Building, 23rd Floor, S.B.S. Road, Fort, Mumbai-400001 or emailed.

It may be recalled that the Reserve Bank had announced in the Second Quarter Review of the Monetary Policy 2012-13 (Para 62), that the draft report of the Committee (Chairman: Shri K.K. Vohra, CGM, IDMD) would be placed on the Reserve Bank’s website by mid-November 2012 inviting views / suggestions from the public / stakeholders.

Ajit Prasad
Assistant General Manager

Press Release : 2012-2013/795