Thursday, September 5, 2024

BANKING

Kotak Mutual Fund CEO Nilesh Shah suggests that bank deposits could grow faster if the government parks short-term funds with commercial banks instead of the Reserve Bank of India. Currently, government funds with the RBI earn no interest and do not enter the banking system until spent by the government.

from Banking/Finance-Industry-Economic Times https://ift.tt/ZC9mJSN
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