The ministry has directed PSBs to place its order on spending on publicity and conferences by 20% before their boards. The order came following reports that a large public lender had spent Rs 1.34 crore on three Audis to ferry its top management.source https://economictimes.indiatimes.com/industry/banking/finance/banking/finance-ministry-asks-banks-to-cut-costs/articleshow/76431278.cms
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