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Interest rates on term deposits above 7% significantly dropped to 54% by September, down from 73% in March, as banks lowered rates following RBI's policy cuts. Loans linked to external benchmarks also saw immediate rate reductions. Public sector banks' deposit share increased, while Maharashtra led in deposit mobilization.
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News and Media
Sebi's senior management is opposing a proposed rule mandating public disclosure of their assets and liabilities, citing privacy concerns and potential speculation. A panel recommended these disclosures for officials at chief general manager rank and above to boost transparency. Over 100 officers have raised objections, fearing unwanted attention and scrutiny.
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News and Media
Indian equity indices touched fresh lifetime highs before closing marginally lower on Monday. The market faced headwinds from a weakening rupee and uncertainty surrounding the US-India trade deal. Persistent foreign institutional investor selling and a depreciating currency are limiting the ability of indices to sustain record levels.
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News and Media
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