Indian #FixedDeposit Rates will touch 9%, else the #INR has to weaken ...... BANKS BECOMING DESPERATE FOR DEPOSITS....
A List of THREADS for Reference
A List of THREADS for Reference
1) Lets Start with Some HISTORY: Explaining to your Grandparents and Parents why FD Rates are falling when Inflation is Rising.
2) NEVER HAPPENED BEFORE EVER . SBI Cut Saving Deposit Rates for Small SB Holders but Hikes up rates for FDs - Clearly an Instruction must have come from the Top ... u know who .... What SBI does, Every bank follows.
3) RBI is keeping a lid of Monetary BaseM3 Growth adding upward preassure on Deposit Rates.
4) #PSUBanks are Raising #Fresh #FixedDeposits at Rates similar to Avg Weighted Lending Rate and Below Fresh Lending Rate .....
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