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The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

8 per cent govt bonds to close for subscription from tomorrow

Finance Ministry had reduced interest rate on various small saving schemes by 0.2 per cent.

2 Jan 2018 11:05 AM IST

The move is expected to prompt banks to lower the deposit rate in line with the small savings rate as offered by the government.

Interest rates on small saving schemes cut by 0.1 pc

Since April last year, interest rates of all small saving schemes have been recalibrated on a quarterly basis.

31 March 2017 12:13 PM IST