Over the past few weeks, lenders such as HDFC Bank, ICICI Bank and State Bank of India (SBI) have raised their deposit rates by up to a percentage point to garner more deposits so that they can lend to borrowers across segments — institutional, retail or small-business owners.source https://economictimes.indiatimes.com/industry/banking/finance/banking/bank-margins-may-come-under-stress-amid-deposit-rate-war/articleshow/96261449.cms
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