Finance
Mr. BillionhairM Nagaraju Tells Banks to Slash Small Loan Rates Immediately
Big news, folks! DFS Secretary M Nagaraju just told banks to slash those interest rates on small business loans. Why? Because they’re swimming in cash! He wants them lending more, not hoarding money like Scrooge McDuck. SBI's C S Setty says public banks are winning big! Let’s make lending great again, folks! Time for action, not excuses!
few days ago | Subrata Panda
Quick rundown
1.DFS Secretary urges banks to lower interest rates on small business loans.
2.State-owned banks have strong capital and are urged to lend more.
3.Public sector banks outperform private banks on key metrics.
4.A digital portal for consortium lending is in the works.
5.Transformative steps are being taken towards a stronger banking ecosystem.
