Even with potential cut in repo rate, bank deposit rates unlikely to be lowered: Report
New Delhi [India], October 16 (ANI): A research report has highlighted that even if the Reserve Bank of India (RBI) announces a rate cut, deposit costs in the banking system are expected to remain high due to the prevailing high credit-to-deposit ratio.
As a result, a cut in the repo rate would not immediately lead to lower deposit rates. The report indicates that deposit rates are "sticky" and slower to adjust.
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