[ad_1] Shares of rate sensitive sectors were trading mixed after the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) decided to cut repo rate by 25 basis points to 6% from 6.25%. While auto stocks gained up to 1%, real estate, banking and financial stocks fell up to 4%. Among auto stocks, M&M, […]
FM Sitharaman calls for innovative deposit schemes to address banking imbalance – CNBC TV18
[ad_1] Finance Minister Nirmala Sitharaman urged banks on Saturday to devise innovative and appealing schemes to boost deposit mobilisation. Speaking after the Reserve Bank of India’s board meeting, she said that deposits and lending are like two wheels of a cart, with deposits currently lagging behind. Sitharaman expressed concern over the slow growth in deposit […]