Interest rates need to be 'far more affordable': FM Nirmala Sitharaman

Quick Summary:

Finance minister Nirmala Sitharaman urged banks to lower lending rates to stimulate business investment and economic growth.

She acknowledged concerns about high borrowing costs while emphasizing the need for more affordable credit.

Sitharaman also addressed rising food prices and reassured the market that the government is actively managing supply chain issues to control inflation.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaIndonesiaItalyPortugal

Topics: Consumer borrowing costs Inflation control Business news Bank interest rates Finance Minister Nirmala Sitharaman Viksit Bharat

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 08:21:11 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 835 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 27 words per sentence (average)

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

Copyright Owner: © Times of India

News ID: 23683118

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 12 posts per day

Year Established: 1838

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