Govt state-run banks, insurance firms to cut costs, shift to EVs; SBI, LIC employees to get affected

India’s finance ministry has directed state-run banks, insurers and financial institutions to cut costs through measures such as limiting travel, holding meetings virtually and shifting to electric vehicles. The order applies to institutions including State Bank of India, Bank of Baroda and Life Insurance Corporation of India.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/4GAS8LI
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