The finance ministry may cut interest rates on small savings schemes for the April-June quarter, Business Standard has learnt, as it looks at reducing the cost of credit and, hence, providing more liquidity for a financial system stung by a global slowdown owing to the coronavirus pandemic and another banking crisis at home. The govenment last cut the small savings rates for the July-September 2019 quarter, except for one scheme.
For the October-December 2019 and January-March 2020 quarters, the rates remained unchanged. The government also hopes that the Reserve Bank of ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
First Published: Mon, March 16 2020. 01:03 IST
