Last week, the RBI asked banks to maintain an incremental cash reserve ratio (ICRR) of 10% on the increase in their net demand and time liabilities (NDTL) between May 19, 2023, and July 28, 2023. Lenders have to maintain I-CRR from the fortnight starting on August 12.
Experts say that banks are going to wait for a fortnight to gauge the liquidity situation, and demand for credit, and later take a call on the quantum of the increase in deposit rates. The hike in deposit rates could be in the range of 25-50 basis points (bps), they said. One basis point is one-hundredth of a percentage point.
"Banks could increase deposit rates by 25-50 basis points in different buckets depending upon the demand for credit and liquidity conditions in the coming few months. After a long time, competitive dynamics in the deposit market have intensified, mostly owing to revivals in credit demand," said India Ratings and Research's Director (core analytical group) Soumyajit Niyogi.
この記事は Financial Express Mumbai の August 17, 2023 版に掲載されています。
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この記事は Financial Express Mumbai の August 17, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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