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Paying beyond disclosed rates to attract deposits not acceptable: RBI Guv Sanjay Malhotra
Reserve Bank Governor Sanjay Malhotra stated that paying interest rates higher than disclosed is unacceptable to the central bank. While acknowledging healthy competition for deposits, he stressed the need for transparency from banks. Malhotra also indicated an upcoming updated list of upper layer NBFCs.
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economictimes.indiatimes.com
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Paying beyond disclosed rates to attract deposits not acceptable: RBI Guv Sanjay Malhotra
Reserve Bank Governor Sanjay Malhotra stated that paying interest rates higher than disclosed is unacceptable to the central bank. While acknowledging healthy competition for…