Banks have started increasing interest rates.
Some of the increases are very sharp.
Axis Bank has increased rate for 14-29 day deposits from 4% to 8%.
That's a very high rate for a short duration deposit and it shows how tight the liquidity situation is.
HDFC Bank, Axis Bank raise fixed deposit rates by up to 4%
Some of the increases are very sharp.
Axis Bank has increased rate for 14-29 day deposits from 4% to 8%.
That's a very high rate for a short duration deposit and it shows how tight the liquidity situation is.
HDFC Bank, Axis Bank raise fixed deposit rates by up to 4%