Dollar deposits look greener than domestic on RBI’s hedge move
“The small finance banks, even if you take all of them together, are still a very small part of the overall banking sector,” he said. “So, to me, it doesn’t move the needle really because even if they offer higher rates to garner deposits, it is also to keep their LDRs (loan-to-deposit ratio) in check, because they have to continue to grow.”
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