The IMF’s World Economic Outlook (October 22, 2024 ) reported stable still, underwhelming global growth, with the balance of risks on downside due to geopolitics, potential for disruptive policies, financial market vulnerabilities, and widening chasm between economies.
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,