This assumes significance as the Reserve Bank of India (RBI) has reportedly nudged certain lenders with CD ratios over 100% to lower it to around 70%-80% level.
Private lenders like HDFC Bank, IDFC First Bank and Axis Bank had a CD ratio of 110%, 102% and 93% as on Q3FY24end, respectively, whereas public sector banks' average CD ratio was lower at 72%.
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