Union Finance Minister Nirmala Sitharaman addressed the RBI’s Central Board of Directors with Union Minister of State for Finance Pankaj Chaudhary along with RBI Governor Shaktikanta Das at its customary post-Budget meeting in New Delhi, on Saturday.
RBI and the government are asking banks to focus on core banking activity of deposits and lending, says Finance Minister Nirmala Sitharaman.
The Reserve Bank of India (RBI) and the government are asking banks to focus on core banking activity of deposits and lending, Finance Minister Nirmala Sitharaman said on Thursday. She said this while addressing the media after meeting the RBI’s Central Board of Directors.
She also said interest rates on deposits and lending are deregulated, and banks free to decide rates as per their business.
Union Finance Minister Nirmala Sitharaman addressed the RBI’s Central Board of Directors with Union Minister of State for Finance Pankaj Chaudhary along with RBI Governor Shaktikanta Das at its customary post-Budget meeting in New Delhi, on Saturday.
