Bank interest rates will have to be far more affordable, says FM Sitharaman

Quick Summary:

The Finance Minister also said that inflation is very volatile because of supply and demand constraints.

She added that banks must prioritise transparency, ethical practices, and clear communication strategies to earn people’s trust.

She said that inflation is a complex issue affecting the common man and that the government has been working on supply-side measures, including on edible oils and pulses.

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Article Details

Category: BusinessFinance

Markets: India

Topics: MSME lending targets Mis-selling Inflation Borrowing costs Core banking Finance Minister Bank interest rates Economic slowdown Nirmala Sitharaman SBI

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 19:36:44 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 574 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23662749

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Main Topics: BusinessFinance

Official Website: business-standard.com

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Coverage Areas: India

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Publisher ID: #49

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