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

The Times of India - News
FD rates may rise as bank loans grow faster than deposits
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.

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