At Rs 6 lakh crore, banks’ fresh fixed deposits in Q1 double from last year

An increase in FDs is an indication that investors expect interest rates to come down further. It is also reflective of risk-aversion. From the deposit numbers of the large banks that have declared their results so far, it is seen that the share of FDs is either rising or is steady.

from Banking/Finance-Industry-Economic Times https://ift.tt/2XhPdpm