The country‘s Finance Minister Nirmala Sitharaman said on Friday that the slowdown in GDP growth rate in the September quarter is not ‘systemic’ and economic activity with better public expenditure in the third quarter can compensate for this slowdown. In the July-September quarter, the country’s gross domestic product (GDP) grew …
Read More »Finance Minister asked public sector banks to take steps to increase deposits, reviewed performance with bank heads
Finance Minister Nirmala Sitharaman has asked public sector banks to improve deposit growth. The Finance Minister said this in a performance review meeting with the heads of public sector banks on Monday. In the last few months, loan growth has been 3-4 percent less than deposit growth, which has created …
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