Reserve Bank Governor D Subbarao has asked banks to hike deposit rates and lower lending interest. Speaking at a function in Mumbai on Friday, he said there was need to raise the level of national savings and channelise these into investment.
The Governor said banks could maintain profitability by optimising operating costs such as non-interest expenses which include wages and salaries and transaction costs.
The Governor said banks could maintain profitability by optimising operating costs such as non-interest expenses which include wages and salaries and transaction costs.
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