.......“It is difficult for us to cut rates when inflation is high. Depositors expect a real rate of return. Deposit rates will start trending down when inflation trends down,” said State Bank of India chairperson Arundhati Bhattacharya. Bankers are wary that if they cut deposit rates on the back of this transient improvement in liquidity, depositors may pull out money as retail inflation remains near 8%. Year-on-year deposit growth was 13.58% as of August 22 while credit growth was 11.04%, a four-year low........
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