Finance Ministry Directs State-Run Banks To Undertake Austerity Measures
The North Block of the Central Secretariat building, which houses the Ministries of Finance and Home Affairs, stands in New Delhi, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

Finance Ministry Directs State-Run Banks To Undertake Austerity Measures

The Finance Ministry has directed all state-run banks to undertake austerity measures “to ensure productive use of their financial resources for core business activities”.State-run banks, the Depar...
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