Latest Updates Around The World
RBI’s 125 bps repo cut has failed to boost deposits even as credit demand continues to rise across sectors | Photo credit: AJAY VERMA With bank loan growth outpacing deposit growth, the gap between them has widened to 123 basis points (bps) as of November 28, a far cry from the balanced situation a year […]
FILE PHOTO: FILE PHOTO: Reserve Bank of India (RBI) Governor Sanjay Malhotra | Photo credit: HEMANSHI KAMANI Even with the Reserve Bank of India cutting the repo rate by 25 basis points on Friday, banks are unlikely to aggressively cut term deposits and marginal cost of funds-based lending rate (MCLR), senior bankers say. Intense competition […]
