scorecardresearchWhy Indian banks are choosing certificates of deposits for fundraising

Why Indian banks are choosing certificates of deposits for fundraising

Updated: 25 Aug 2022, 08:18 AM IST
TL;DR.
Indian private and state-run banks have raised around 30,000 crore ($3.76 billion) through two-month to one-year CDs in the two weeks to August 19, sharply higher than the roughly 5,000 crore in the previous two weeks.
So far this year, the Reserve Bank of India has raised interest rates by 140 basis points, to 5.40%.

So far this year, the Reserve Bank of India has raised interest rates by 140 basis points, to 5.40%.