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.
RBI relaxes rules on current, CC and OD accounts; threshold raised to ₹10 crore
The Reserve Bank of India has relaxed norms for business accounts. Customers can now open current, cash credit, and overdraft accounts more easily. The aggregate