Lower risk-free interest rates pull down interest rates for other financial products throughout the economy. In addition, lower returns on Australian dollar assets contribute to a lower exchange rate than otherwise.
Retail banking in India Retail banking in India is not a new phenomenon. It has always been prevalent in India in various forms. For the last few years it has become synonymous with mainstream banking for many banks. The typical products offered in the Indian retail banking segment are housing loans, consumption loans for purchase of durables, auto loans, credit cards and educational loans.