However, the long-term drivers of India’s growth are very strong, the balance sheets of the Corporates, Banks, Govt, and Individuals remain in excellent shape, infrastructure development continues to grow strong and manufacturing focus should help the growth.
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,