SBI Chairman predicts a decline in deposit rates due to expected RBI interest rate easing.
SBI Chairman Dinesh Kumar Khara predicts a decline in deposit rates over the medium term as RBI is expected to ease interest rates from Q3 of the current financial year. RBI has kept key interest rates unchanged for the eighth consecutive time, focusing on inflation amid strong economic growth. Khara believes that the Indian banking sector's interest rates have peaked and will likely follow a downward trend.
June 12, 2024
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