Finance
Mr. BillionhairRBI's Rate Cuts: Loans Below 9% Soar to Incredible Heights
Folks, the RBI just made loans below 9% soar to an incredible 62.4%! They cut rates by a whopping 125 basis points, now the repo rate's at 5.25%! Public sector banks are winning big with a 14.1% credit growth! It's like everyone’s getting loans like they’re going out of style! Tremendous changes in deposits, folks! Just fantastic, believe me!
few days ago | Aathira Varier
Quick rundown
1.RBI cuts interest rates, boosting loans below 9%.
2.Public sector banks lead with 14.1% credit growth.
3.Rural and urban branches outpace metropolitan in credit growth.
4.Term deposits grow faster than current and savings deposits.
5.Monetary easing leads to more term deposits under 7% interest.
