Struggling With Negative Margins, Banks Face Tight Deposit Conditions, Amidst Falling Rates & Increased Costs
Leading banks are taking 1 year wholesale deposits at ~8%. Translates to loaded marginal deposit cost of 9%+ after CRR (0 ...
Uday Kotak flags critical banking risk: 'Borrow at 9% and lend at 8.5!'
Kotak outlined the critical challenge banks currently face: "Leading banks are taking 1 year wholesale deposits at ~8%.