RBI MPC: Can FD rates rise amid high inflation?
Synopsis Rising inflation and increased credit demand are pushing banks towards higher fixed deposit rates. Banks are also facing competition from small savings schemes and
Synopsis Rising inflation and increased credit demand are pushing banks towards higher fixed deposit rates. Banks are also facing competition from small savings schemes and government securities.
Deposit growth has slowed while credit demand has climbed significantly in recent months. This widening gap may compel banks to attract more deposits through better
rates. Banks may revise fixed deposit rates after any Reserve Bank of India policy changes.
The BriefWire