Sticky bank deposit rates are muddling the transmission process
One explanation is that banks have become cautious after having experienced a fight to get deposits.Another explanation is that household savings have not been growing as they were, and avenues for parking savings have increased
The Reserve Bank of India (RBI) has always bemoaned the lack of transmission of its policy rate cuts on to banks lending rates.
A big enabler of transmission is the movement of deposit rates, which is the biggest source of funding for banks. Unlike non-bank
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