Bank interest rates need to be far more affordable: FM Sitharaman
Finance Minister Nirmala Sitharaman on Monday advocated for more affordable bank interest rates. "Cost of borrowing is really very stressful...At a time when we want industries to ramp up and move building capacities, bank interest rates will have to be far more affordable," Sitharaman said at SBI Banking and Economics Conclave. RBI has kept its interest rate unchanged at 6.5%.