 "Nirmala Sitharaman, Finance Minister")
1) Public-sector banks volunteer to link their lending rates to repo
Several public-sector banks on Friday volunteered to link their lending rates to the repo rate to facilitate quicker transmission, even as some reduced their marginal cost-based lending rate (MCLR) over the past two days.
The cuts follow State Bank of India’s (SBI’s) reduction in the lending rate by 15 basis points (bps) after the Reserve Bank of India’s (RBI’s) repo rate cut by 35 bps, on Wednesday. Read more...
2) Govt may soon take a decision on tweaking FPI surcharge proposal
The government will soon take
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