No deposit rate hikes for 2-3 months: SBI Chairman C.S. Setty explains why
SBI Chairman C.S. Setty expects banks to keep deposit rates unchanged for the next two to three months, citing excess liquidity in the system. He said strong liquidity should temporarily limit competition for deposits, even as the RBI’s latest rate hike and tightening stance raise lending rates.
Attribution
This digest is published with acknowledgment to Business Today. For the complete analysis, headnotes, and citations, please refer to the source.
Read on Business Today