Indian lenders expect pick up in retail deposits as rates rise
The weighted average rate on domestic term deposits has increased by 55 basis points to 5.62% in November from 5.07% in May, when the RBI began its rate hike cycle, as per central bank data
MUMBAI : Indian lenders are expecting stronger inflows of retail deposits as the interest rates offered to individuals to park money with banks have risen in recent months, bringing them at par with those offered by government small saving schemes.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more