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

This report covers key India-focused updates related to loans, EMI, interest rates and banking. 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. (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online.