Banks Begin Raising Deposit Rates as Liquidity Tightens After RBI Move
Indian banks are starting to lift deposit rates as system liquidity tightens and credit demand strengthens, marking an early shift in funding conditions a month after the Reserve Bank of Indiaโs policy action. Bank of India is the latest lender to raise rates across several maturities, including a special 500-day deposit, underscoring the rising cost of attracting stable funds.
