The Reserve Bank of India (RBI) is often referred to as the ‘banker’s bank’. But it is not just any bank; it plays a crucial role in maintaining the stability of India’s economy. To maintain financial stability and control inflation, the RBI employs several important tools.
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,