Financial, market and economic news

Interest of bank depositors has to be protected: RBI governor Shaktikanta Das

The government and the RBI have held that borrowers should not be compensated at the expense of depositors. Brokerage firm Macquarie has calculated that a waiver of interest will cost the banking system ₹2.1 lakh crore while waiver of compound interest will cost about ₹15,000 crore.

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