Home / 2024 at 01:13AM / April 18 / 0.96% rise in FY24! Why banks are increasing deposit rates

0.96% rise in FY24! Why banks are increasing deposit rates

April 18, 2024 ,
Lenders raised deposit rates by 96 basis points in FY 2024 to address credit demand surpassing deposit growth. The demand for credit exceeded the growth in deposits, leading lenders to increase rates. https://ift.tt/ePgfjXl
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