Is Your Money Safe with the New Banks?
Some investors may be concerned about the safety of their money with the new entrants in the private banking space such as Bandhan Bank and RBL Bank (formerly Ratnakar Bank). Competitive intensity, and their urge to capture market share from the well-established banks, is motivating them to offer higher interest rates. Bandhan is offering interest rate of 8% while RBL Bank is offering 8.24%...
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