Deposit Rates

According to ICICI Securities, with the credit-deposit ratio at 75.3 per cent, this could put further pressure on deposit rates

Lender announces decision after central bank last week raised the repo rate to 6.50%

Revisions mainly introduced for high-value deposits of Rs 2 cr and above; Continuous rate hikes over time raise concern about sustainability of healthy net interest margins

Liquidity conditions will also not return to surplus as seen in the pandemic years, which will maintain fundamental pressure on domestic interest rates

FCNR(B)/RFC depositors will get an interest rate up to 5 per cent on their term deposits

Banks have made a beeline to increase rates on their deposits as liquidity in the system has tightened and the credit growth in the system has remained consistently high

Naren said after a long time the need for money in the deposit market has come and we see hikes in bank deposit rates

It is leveraging the digital ecosystem, focusing on acquisition of corporate salary accounts, and also cross-selling products to existing clients

Tax outflows drive tightness; banks face pressure to raise deposit rates

Major private lenders such as HDFC Bank, ICICI, Axis revise rates; deposit rates now catching up with RBI rate hikes

The revised rates on domestic term deposits, including bulk deposits, are effective from today

The revised rates will be effective from December 12

Lower GDP growth, RBI rate hikes, reversal of base effect to blunt credit growth, analysts say

Deposit growth rises 9.6%, analysts cite FPI flows, govt spending

Lenders may have to raise deposit rates at faster pace, says senior executive of agency

Rate applicable to both fresh deposits and renewals of up to Rs 2 crore for a tenure of 600 days, seniors to get 0.5% more

The bank has also tweaked the deposit rate for 555 days

Apart from the special deposit scheme, Bank of India has raised interest rate on its existing 555-days fixed deposit scheme to 6.30 per cent

NIMs expanded as banks hiked rates on lending faster than those on deposits

Balances of Rs 10 cr and above to earn 3% rate of interest Oct 15 onwards; 2.7% rate unchanged on deposits below Rs 10 cr