Banks should bring in innovative products to mobilise deposits: FM Nirmala Sitharaman

RBI governor Shaktikanta Das said interest rates are deregulated and often banks raise deposit rates to attract funds. “Banks are free to decide on interest rates”, Mr. Das added.

​RBI governor Shaktikanta Das said interest rates are deregulated and often banks raise deposit rates to attract funds. “Banks are free to decide on interest rates”, Mr. Das added.