Tuesday, December 10, 2019, 12:28 PM
The RBI has urged the government to move forward on reducing interest rates on small savings schemes such as PPF and post office deposits, to help banks pare rates on deposits and loans and lead to better transmission of the central bank's rate-cuts. The government has, however, reduced interest rates on most schemes by a meagre 10bps although the rates are linked to market-rates.
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