Indian banks, including HDFC Bank and SBI, are strategically reducing savings account interest rates by 25 basis points to protect profitability amid declining CASA ratios. This move aims to lower the cost of funds and improve net interest margins, even as deposit growth faces challenges. Experts anticipate limited fund migration despite depositors shifting towards higher-yielding term deposits.
Selectivity is key as markets enter narrow, range-bound phase: Dipan Mehta
Dipan Mehta suggests that the market’s consolidation follows the RBI’s positive policy move, anticipating improved corporate earnings due to lower tax rates and a potentially
June 11, 2025