Banks in India are unlikely to engage in a deposit war despite an anticipated increase in credit demand during the festive season. Most lenders are hesitant to raise deposit rates in order to protect their margins. Instead, they plan to use the excess liquidity buffer maintained through the statutory liquidity ratio (SLR) to address any short-term funding mismatches.
from Banking/Finance-Industry-Economic Times https://ift.tt/bVMTu60
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