SBI’s FD rate hike may be sign of turn in rate cycle

For the time being, deposits are galloping at 10-11% year-on-year (YoY), while the non-food credit growth languishes at 5-6%. Bankers FE spoke to said the banking system and the money markets are seeing some readjustment in liquidity conditions after the Reserve Bank of India (RBI) signalled restoration of normal liquidity operations last Friday.

from Banking & Finance – The Financial Express https://ift.tt/3bAddMi