Retail depositors earning negative returns; relook taxation on interest: SBI economists

In a note, which pegged the overall retail deposits in the system at Rs 102 lakh crore, the economists led by Soumya Kanti Ghosh said: "If not for all the depositors, the taxation review should be carried out for at least the deposits made by senior citizens who depend on the interest for their daily needs."

from Banking/Finance-Industry-Economic Times https://ift.tt/3EDoE1N