FD rates may rise as bank loans grow faster than deposits ...Middle East

Growth in bank credit has outpaced the increase in deposits during the first five months of the current fiscal. As a result, bank deposit rates are likely to move up further, with banks' weighted average term deposit rates inching up 27 basis points in April-Aug 2023. According to RBI data, bank deposits grew by 6.6% to Rs 149.2 lakh crore in April-August 2023.

Hence then, the article about fd rates may rise as bank loans grow faster than deposits was published today ( Monday 11/09/2023 - 09:56 AM ) and is available on The Times of India ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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