Deposit Rates

State Bank of India Chairman C S Setty on Thursday said he does not see deposit rate hike for up to three months because of the excess liquidity in the system. Speaking a day after the RBI's policy announcement, Setty said the shift to tightening of rates by the central bank will help banks expand their net interest margins (NIMs) for up to three quarters. "I believe that next two-three months, there may not be any rate action on the deposits because we have sufficient liquidity in the system," Setty told reporters here. He, however, added that if the credit growth continues at the ongoing elevated levels, some banks may have to look at raising deposit rates to fund the advances. Setty also acknowledged that depositors need to be compensated with some level of positive real interest rate in a scenario where inflation is inching up. On the credit growth, he said the country's largest lender will be able to sustain its loan book expansion at a rate of 14-15 per cent. "While there i

The private sector lender raised its dollar deposit rate by 25 basis points as banks compete for non-resident funds before the RBI's concessional swap window closes

Fresh term deposit rates rose 16 basis points in June, while lending rates on new rupee loans edged higher and the one-year MCLR increased in July

The lender has increased rates on fixed deposits in the two- to five-year buckets as banks intensify efforts to mobilise deposits amid widening credit-deposit gaps

The Reserve Bank of India recently opened a window allowing banks differential interest rates on deposits, based on their LCR runoffs

Bank of India expects up to $1 billion in FCNR-B inflows under RBI's special window, while maintaining strong credit growth and preparing for ECL norms

RBI Governor Sanjay Malhotra says banks must remain transparent on deposit rates and cannot offer differential rates beyond categories permitted by the regulator

Data from the Reserve Bank of India (RBI), the Securities and Exchange Board of India (Sebi), and the World Bank suggests that India is a global outlier in the relative size of our credit markets

India's credit-deposit ratio remained at a record 82.5% for the fourth consecutive fortnight ended February 15, 2026, as credit growth continued to outpace deposit growth across the banking system

India's credit growth is expected to clock 10-12% CAGR over the next five years, led by retail, MSMEs and services, outpacing deposit growth, says Brickwork Ratings

ICICI Bank has increased senior citizen retail deposit rates to 7.2% for deposits below Rs 3 crore, even as policy rates soften and loan growth outpaces deposit mobilisation across the banking sector

Banks have started passing on the 100-basis point repo rate cut by the Reserve Bank of India over the past three policy meetings

The Reserve Bank of India has already cut its key repo rate by 100 basis points in an effort to jumpstart growth in the economy

SBI has reduced interest rates on short-term deposits under ₹3 crore by 15 basis points across tenors, with total cuts in FY26 so far adding up to 60 basis points

High CD ratio, LCR norms, and possible increase in deposit insurance to weigh on banks' decisions

Indusind raises nearly Rs 15,000 via CDs this week with PSBs take a major chunk

The competition for deposits is expected to remain intense as banks focus on increasing deposit growth and prevent it from constraining credit off-take

Credit growth in the economy, which had previously been driven primarily by retail credit, has tapered off from its peak

The move comes at a time when banks are scrambling for deposits amid healthy loan growth

The RBI is also concerned that the banks have turned to bulk deposits and certificates of deposit to mobilise funds, as retail deposits (both savings and term deposits) have become stagnant