Top headlines: Banks lending, deposit rate bottomed out; UK clears vaccine

From UK approving Pfizer vaccine for public rollout to plans afoot for creating vaccine supply chain, here are top headlines this morning

Bank lending, deposit rates have bottomed out: SBI chief Dinesh Khara

Bank lending rates “have actually bottomed”, and will remain at these levels for a while till the economy recovers, Dinesh Kumar Khara, chairman of the country’s largest lender, State Bank of India (SBI), told Business Standard in an exclusive interview on Wednesday. Khara said SBI and other banks in the country were aware that the economy required softer rates to continue. “We are very mindful of supporting growth at this point of time.” Read More

UK approves Pfizer, becomes the first country to roll out Covid-19 vaccine