Focus more on mobilising deposits: Govt, RBI to banks

The government and RBI urged banks to enhance deposit mobilisation using innovative strategies, addressing competition from other investment products. Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das emphasized the importance of balancing lending and deposits. Banks are encouraged to find new methods to attract deposits without relying on policy interventions.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *