Ahead of RBI monetary policy meet, report says banks may hike interest rates
Just a day ahead of the RBI monetary policy meet a report says that the jump in credit growth will require banks to raise over Rs 20 lakh crore in deposits by March 2020 and may also push up interest rates, a report said Wednesday.
RBI monetary policy meet: Volatility in the equity markets, moderating flows into other investment avenues, and a hike in bank deposit rates in recent months can bring household financial savings back into bank deposits, Crisil said. Image source: PTI