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Banks should bring in innovative products to mobilise deposits: Sitharaman

The banks, she stressed, need to focus on core banking business which is mobilising deposits

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Kumar Rajesh Pune

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Finance Minister Nirmala Sitharaman on Saturday asked banks to come up with innovative and attractive schemes to mobilise deposits.
Addressing the media after the board meeting of the Reserve Bank of India, she said that deposits and lending are the two wheels of a cart and "deposit is moving slowly."