“At this point in time, we are watching the next central bank move on the repo rate, so raising funds from the market makes sense because we can tweak the tenure. But with term deposits, there is no scope of repricing,” said a senior official at a private sector bank.source https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-keen-to-avoid-fd-lock-in-raise-market-borrowings-sharply-for-lending/articleshow/97290005.cms
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