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.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3hBODKA