Monday, January 8, 2024

BANKING

Term deposit rates have increased between 70 and 120 basis points, mostly in the third quarter. Analysts say that the margin compression could hence be severe, particularly year on year, as banks have lost most benefits from the rise in interest rates in their bid to garner funds. One basis point is 0.01 percentage point.

from Banking/Finance-Industry-Economic Times https://ift.tt/te2FGNw
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