Bulk deposits News
Bulk rates rise as banks look to ramp up deposit base
With retail investors less inclined to put money into savings accounts due to low interest rates, banks have raised bulk deposit rates to ramp up their deposit base.
However, bankers believe net interest margins will not be affected, as a likely increase in credit demand after October will ensure these resources are allocated.
"Bulk deposits rates are a little higher, as seen in the rates offered for
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