Share of high cost deposits double in two years

Term deposit rates have surged, with over 70% earning above 7% in March. Banks are vying for funds amidst previous rate hikes. Experts note a shift towards bulk deposits. High deposit costs may persist through fiscal year 2026. This could squeeze interest income margins for banks. Recent rate easing will impact deposit costs with a delay.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/G1rBXwE
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