Banks raise more funds via CDs to step up credit operations
Mumbai, Nov 23 (IANS) Indian banks have significantly increased their borrowing through Certificates of Deposit (CDs), to nearly Rs 55,000 crore in the fortnight ended November 14, the highest since mid-September, according to Reserve Bank of India (RBI) data. This surge is driven by strong credit (loan) demand that continues to outpace deposit growth in […]
