Monday, September 30, 2024

BANKING

Deposit growth is currently outpacing credit expansion. Although a policy rate cut is expected in the second half of the fiscal year, bank deposit rates are likely to stay high for now. This is due to the slow pace of deposit mobilisation and the need for capital to fund private capital expenditure, which is on the rise.

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