Sunday, September 10, 2023

FD rates may rise as loans grow faster than deposits

Growth in bank credit has outpaced the increase in deposits during the first five months of the current fiscal. As a result, bank deposit rates are likely to move up further, with banks' weighted average term deposit rates inching up 27 basis points in April-Aug 2023.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/cdUKJ8V

No comments:

Post a Comment