EMI change can be the default option when rates rise or fall

Now with the scams tumbling out, the pressure on banks' balance sheets will only increase

It seems sacrilege to write about borrowers and lending rates when a scam of mammoth proportions has just taken place in the banking industry. But both are linked. 

Till now, retail borrowers have always paid higher interest rates when the interest rates are high. But they do not get the benefit when interest rates drop.  Apart from the fact that this tantamounts to cheating them, this also restricts the ability of the Reserve Bank of India (RBI) to manage inflationary expectations and growth. When the RBI lowers its signalling rates, it expects banks to pass it on to borrowers. When banks