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Banking Interest Rates - Public Sector Bank's Term Deposit Rates Bottom Out: CareEdge

Banking Interest Rates - Public Sector Bank's Term Deposit Rates Bottom Out: CareEdge

<div class="paragraphs"><p>A customer counts Indian rupee banknotes in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)</p></div>
A customer counts Indian rupee banknotes in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

CareEdge Research Report

The impact of Covid-19 pandemic has affected lives and livelihood negatively across the board with global economic growth being disrupted. Consequently, the bank credit growth was tepid, however, following the relaxation in lockdown since June 2021, bank credit growth has been improving gradually.

Interest rates in the banking system have generally trended lower. However, the interest rate transmission has been uneven.

Furthermore, both foreign banks and private banks have not passed on the policy rate cuts as aggressively as the public sector banks and the overall scheduled commercial banks.

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CareEdge - Banking Interest Rates.pdf

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