BANKS' EXUBERANCE TO issue certificates of deposit (CDs) is expected to moderate in the next financial year. The sharp growth in CD issuances witnessed this year may slow down due to increase in system liquidity and lower need for banks to raise funds as the credit growth, too, is likely to moderate in the next fiscal.
"With an improvement in system liquidity and slowing demand for credit, CD issuances incrementally will come down in the next financial year," Soumyajit Niyogi, director core analytical group, India Ratings and Research, told FE. "Banks will not be desperate to raise funds next year because credit growth is expected to decline."
Bu hikaye Financial Express Mumbai dergisinin March 22, 2024 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin March 22, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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