Also, urban and metropolitan markets account for 80% of term deposits, indicating the skewed nature of the deposit mobilisation pattern in the country. Metropolitan markets are those with a population of over one million and urban centres with over 100,000 population.
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,