Analysts split on interest rate cap

Monday, Apr 07, 2014

Many HCM City banks want the central bank to abolish the interest cap for deposits of up to six months, considering it a "hurdle" to their deposit mobilisation efforts.

Banks ignore deposit interest cap in desperate liquidity bid

Monday, Sep 09, 2013

Banks are flouting the deposit rate cap to improve liquidity though, paradoxically, many are barely lending, according to analysts.