Banks Pump Up Lending Rates While Deposits Snooze a Bit

Hey there! So, banks are raising their lending rates to 8.5% in April, even though the RBI is just sittin' pretty with the policy repo rate. Meanwhile, deposits are taking a little snooze, dropping to 5.77%. But guess what? Credit is still rockin' at 16%! Isn’t that just fantastic? Let’s keep this party going, folks!