The share of time period deposits (TDs) providing 7 per cent and above rate of interest has jumped to 64.4 per cent of banks’ complete TDs as at March-end 2024, in opposition to 33.7 per cent as at March-end 2023. Additionally learn: Repo fee: Any hasty motion will trigger extra hurt than good, says RBI … Read more
The share of financial institution loans and time period deposits bearing ‘over 8 per cent’ and ‘7 per cent & above’ rate of interest, respectively, has elevated considerably within the final 21 months, reflecting the pass-through of coverage charge will increase. Additionally learn:The Newest House Mortgage Curiosity Charges: Mar 22, 2024 The share of financial … Read more
The share of time period deposits in scheduled industrial banks (SCBs) complete deposits elevated to 60.3 per cent in December 2023 from 57.2 per cent in March 2023, in response to RBI’s quarterly knowledge. Additionally learn: RBI on ₹2000 withdrawal: Whole worth of banknotes in circulation declined to ₹8,470 crore by Feb-end Rising return on … Read more