From The Tribune
Center Owned by The Tribune TrustBank deposit growth seen accelerating to 16% in FY27 on foreign currency inflows: Jefferies
What's behind this
A government bank has revised its fixed‑deposit interest rates, with the new rates taking effect on 2 November after the RBI’s recent repo‑rate increase. Alongside the rate hike, the bank launched a new deposit scheme. The revision is intended to benefit depositors who wish to lock in their savings at higher rates.
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center · 1 outlet
Deposit growth in the Indian banking sector is expected to accelerate to 16 per cent in FY27, supported by inflows through foreign currency non-resident bank (FCNR-B) deposits, before moderating to 11-12 per cent in the following two years, according to a report by Jefferies.
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right · 1 outlet
FD interest rates: The revised rates took effect on 2 November, following the RBI’s repo rate hike. The latest revision is expected to benefit depositors looking to lock in their savings at higher interest rates
— Livemint
RSS excerpt
Deposit growth in the Indian banking sector is expected to accelerate to 16 per cent in FY27, supported by inflows through foreign currency non-resident bank (FCNR-B) deposits, before moderating to 11-12 per cent in the following two years, according to a report by Jefferies.
