India's finance minister has urged state-run firms to keep 60 percent of their surplus funds with government-owned banks, a senior official said on Tuesday.
R.S. Pandey, a secretary at the oil ministry, also said state-run firms should not ask banks for higher interest rates on their bulk deposits.
Heads of state-run firms met Finance Minister Palaniappan Chidambaram to discuss their problems in the wake of the economic slowdown.
Source: Reuters
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India's finance minister has urged state-run firms to keep 60 percent of their surplus funds with government-owned banks, a senior official said on Tuesday.
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