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FD rates hike: Will banks increase fixed deposit interest rates now due to higher loan demand?

FD rates hike: The bank credit rose 9.1% to Rs 124.5 lakh crore in April-August 2023, while bank deposits surged by 6.6% to Rs 149.2 lakh crore in the period. As a result, will banks hike the interest rates of fixed deposits (FDs) in the short-term or long run? Lets find out what experts say
Keyur Doshi Prashant Joshi Madan Sabnavis Shaktikanta Das Bank India Consumer Banking Group

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