Indian banks are unlikely to raise deposit rates further due to slowing credit growth and a recent cash reserve ratio cut. The influx of liquidity ensures sufficient funds for lending, stabilizing deposit rates near their peak. Any rate reduction hinges on the central bank lowering the benchmark repo rate, potentially triggered by easing inflation.
Quant Small Cap Fund adds HDFC Bank, ICICI Bank and 5 others, reduces stake in Jio Financial and 3 more
Quant Small Cap Fund reshuffled its portfolio in February, adding HDFC Bank, ICICI Bank and five other stocks while reducing exposure to Jio Financial Services