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Fixed deposits now constitute 62% of bank deposits, a two-year high, as depositors shifted funds from low-yield savings accounts seeking better rates. This trend, driven by yield sensitivity and digital empowerment, has increased banks' funding costs and pressured interest margins. Private banks saw their FD share rise, while public sector banks experienced a slip.
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News and Media
Indian Bank plunged 5.5%, while Punjab National Bank and Canara Bank tumbled 4.3% and 3.8%, respectively. Bank of Baroda and Punjab & Sind Bank dropped more than 3% each.
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News and Media
Kotak Mutual Fund advises investors to temper return expectations for next year, anticipating mid-caps to outperform large and small caps. The fund house suggests diversifying across equity, debt, and precious metals, with a 10% allocation to gold and silver due to global uncertainties. Earnings growth is expected to drive equity returns in 2026-27, potentially attracting foreign investment.
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News and Media
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