India’s banking and financial regulation landscape is likely to see changes. The Reserve Bank of India recently appointed a new governor. Several deputy governors, as well as heads of the Securities and Exchange Board of India and the Insurance Regulatory and Development Authority, will complete their terms in the coming months. Markets are watching these transitions closely.
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,