Deposit rates to go up 50 bps: Crisil

Deposit rates to go up 50 bps: Crisil

BS Reporter / Mumbai May 24, 2007

Deposit rates will continue their upward march in 2007-08 as banks fight intensely for resources to feed high-octane credit growth. While this is good news for depositors - retail and corporates - as they get a better deal, banks' profitability will suffer due to the pressure on margins.

Crisil, a Standard & Poor