Deposit News
Deposit rates likely to go down first
The good news is that the Reserve Bank of India (RBI) has cut the benchmark rate by 50 basis points. The bad news is that it may wait and watch before cutting rates any further. Given this, bankers say it may not be easy to provide a respite to customers. Explains R K Bansal, senior executive director of IDBI Bank, "A lower repo rate is only a temporary measure to infuse liquidity into the system.
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