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Adhil Shetty, co-founder and CEO of BankBazaar, said relatively firm interest rates could keep funding costs sticky for lenders, though the impact would vary across institutions.
The Reserve Bank of India's (RBI) latest measures to curb volatility in the rupee could ease near-term depreciation pressure, reduce speculative dollar demand and help withdraw surplus liquidity from the banking system, according to research reports cited by news agency PTI.
The RBI raised the daily CRR requirement from 90% to 99%, requiring banks to maintain the prescribed 3% of net demand and time liabilities (NDTL).