Quote on Fixed Deposit rates outlook By Cyril Charly, Geojit Financial Services
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Below Quote on PSBs vs SFBs Fixed Deposit rates from Cyril Charly, Research analyst at Geojit Financial Services
With liquidity becoming tighter and credit demand remaining strong, lending institutions are in the race to acquire the maximum deposits. Small Finance Banks are offering fixed deposit rates that are 75-100 basis points higher than those offered by Public Sector Banks (PSBs) and private banks. This has helped SFBs grow their deposit book at three times the pace of commercial banks, albeit partly due to the low base. Despite the RBIs temporary pause on rate hikes, it is expected that term deposit rates will undergo further upward revisions, as credit demand is predicted to continue outpacing deposit growth.
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