The Reserve Bank of India (RBI) has kept the policy rate and the stance unchanged. What is the signal to the market? How are the rates likely to move in the balance part of the year?
The pause was expected. The anticipation was that if any change happened, it would be in the third quarter. The signal to banks is that interest rates will remain elevated while giving credit and raising deposits, especially bulk deposits. Also, in the case of corporate credit, especially to AAA borrowers, lenders will have to take a fresh look at pricing. Even though risk weightings are 20 per cent for highly rated borrowers, the cost of deposits is rising and margins are getting impacted.
Diese Geschichte stammt aus der August 10, 2024-Ausgabe von Business Standard.
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