India bank interest rates

Why Is India’s Finance Minister Nirmala Sitharaman Calling For Lower Bank Interest Rates?

Finance Minister Nirmala Sitharaman emphasized the need for more affordable bank interest rates, especially in the context of India's growing economic challenges. Speaking at the 11th SBI Banking and Economics Conclave 2024 on November 18, Sitharaman pointed out that the current cost of borrowing has been a major stress factor,...