Finance Minister P Chidambaram on Saturday asked public sector banks (PSBs) to reduce equated monthly instalments (EMIs) on loans for consumer durables, in order to kickstart investment cycle and bolster the sagging economic growth. He also asked banks to ensure the cash lying with the public — about Rs 11 lakh crore —was channelised into the banking system. For this, he wanted banks to upgrade their ATMs to function as cash-accepting machines too, from only cash disbursal tools at present............
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment