Savings Bank De-Regulation is a serious blow to the profitability of Banking Stocks as Banks may want to increase their market share (acquire more customers) by offering better savings interest rates.
Overall End Customer is bound to be benefited and it seems to be a good Diwali gift from RBI.
So will be interesting to see whether it will lead to marginal rate hike or some serious hike in tune of 1.5% to 2% . Present saving interest rate stands at 4%.
Overall End Customer is bound to be benefited and it seems to be a good Diwali gift from RBI.
So will be interesting to see whether it will lead to marginal rate hike or some serious hike in tune of 1.5% to 2% . Present saving interest rate stands at 4%.
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