Switching the loan to a lender offering a lower interest rate helps the borrower in the long run. However, note that switching the loan will not be possible in case of irregular repayments made by the borrower to the current bank.
"We have lots of opportunities together and I hope we can look for a greater engagement. We have both comparative and competitive advantages," he said here.
Commerce and Industry Minister Piyush Goyal in a written reply to the House said that during the third RCEP Leaders Summit on November 4 in Bangkok, India stated that the current structure did not reflect its guiding principles or address the outstanding issues and concerns of India, in the light of which India did not join the agreement.
