On the deposit front, there is indeed a worry that the deposit growth generally has been very weak for most of the banks and perhaps that has been attributable to the fact that we had hit very low interest rates during the COVID period which was born out of the RBI sharply cutting interest rates. In fact, globally we have seen interest rates been cut sharply.
NY Fed’s John Williams flags need to gather more information on inflation risks before rate decisions
Federal Reserve officials John Williams and Alberto Musalem have flagged persistent inflation risks, with rapid AI infrastructure investment potentially adding to price pressures. Williams backed