Certificates Of Deposit 2024 In India. Care ratings reported that since january 2024, credit growth has been slower than deposit growth by rs 3.5 lakh. 1 on june 27, 2016, the finance act 2016 institutionalising inflation targeting framework through amendments to the rbi.
Banks are turning to cheaper certificates of deposit (cds) to meet credit demand which has outpaced deposit growth, data showed. Care ratings reported that since january 2024, credit growth has been slower than deposit growth by rs 3.5 lakh.
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