The authors pointed out that while the increase in term deposit rates in the latest tightening cycle has outstripped that in lending rates, savings deposit rates of banks – which represent a third of total deposits – stayed almost unchanged.
Kumar Mangalam Birla’s Grasim gets cheapest rupee bond deal in 5 years
Grasim Industries Ltd. has secured its lowest-cost local-currency bond since June 2020, a sign that interest rate cuts and recent cash infusions by the Indian