Finance
Big GuyBanks Pump Up Lending Rates While Deposits Snooze a Bit
Hey there! So, banks are raising their lending rates to 8.5% in April, even though the RBI is just sittin' pretty with the policy repo rate. Meanwhile, deposits are taking a little snooze, dropping to 5.77%. But guess what? Credit is still rockin' at 16%! Isn’t that just fantastic? Let’s keep this party going, folks!
few days ago | Aathira Varier
Quick rundown
1.RBI keeps repo rate steady while lending rates rise.
2.Credit demand boosts lending rates despite unchanged policy.
3.Deposit rates decline as lending rates edge higher.
4.G-Sec yields react to geopolitical developments in West Asia.
5.Robust credit growth contrasts with slower deposit growth.
