India’s credit ratio, the gauge for overall creditworthiness that compares upgrades to downgrades, stood an all-time high at 3.74 between April and September this financial year, showed data from CareEdge Ratings. In the preceding six months, it was 2.64.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,