......India’s biggest lender State Bank of India (SBI) says unequal rules are allowing money-market funds to lure savers away, extending the slowest growth in nation’s bank deposits in a decade and frustrating policy efforts to lower funding costs. “The biggest challenge for the banking system is to fend off competition from non-banks such as mutual funds, debt funds, liquid mutual funds and tax-free bond funds, who are all having an unfair advantage,” ..........
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