Kolkata: Personal loan growth moderated in the quarter to December following regulatory cautioning over possible overheating. The annual growth print for the personal loan segment was recorded at 13.7% at the end of December 2024 from 15.2% at the end of September, Reserve Bank of India’s quarterly data showed. Total bank credit growth also decelerated … Read more
While loans are set to become cheaper for customers with the Reserve Bank of India (RBI) opting to cut the repo rate by 25 basis points, deposit rates including those of small savings may be cut going forward. While banks are likely to cut their deposit rates in line with the policy rate, sources indicated … Read more
Dinesh Kumar Khara, Former Chairman, SBI, says where banks have primarily adopted the repo rate as their external benchmark, there will be the quickest transmission of changes. However, they may not be able to adjust their deposit rates immediately, as such adjustments typically occur with a delay. In contrast, if the loan portfolio is linked … Read more