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FM meets PSU chiefs

  • FM meets PSU chiefs

    FM meets PSU chiefs

  • PSU banks assured the government they would reduce interest rates in the backdrop of falling bank deposit rates. The move would boost economic activity, especially in the cash-strapped realty, construction and auto sectors.

    PSU banks assured the government they would reduce interest rates in the backdrop of falling bank deposit rates. The move would boost economic activity, especially in the cash-strapped realty, construction and auto sectors.

  • The meeting was held in the backdrop of the third quarterly review of monetary policy by the Reserve Bank of India.

    The meeting was held in the backdrop of the third quarterly review of monetary policy by the Reserve Bank of India.

  • The banks could take a view on the interest rate cut, which may be more than 50 basis points. They are also likely to firm up steps to increase the flow of credit to industry, reeling under the impact of slowdown.

    The banks could take a view on the interest rate cut, which may be more than 50 basis points. They are also likely to firm up steps to increase the flow of credit to industry, reeling under the impact of slowdown.

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