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The Economic Times

Economy / The Economic Times

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Indian banks slash short-term debt sales on cheaper forex funding

Indian banks are significantly reducing their reliance on short-term debt sales, known as certificates of deposit (CDs). This shift is driven by the Reserve Bank of India's initiative to attract foreign-currency deposits, offering a cheaper and more stable funding alternative. Lenders anticipate this trend to continue, impacting CD rates and strengthening their balance sheets with more durable capital.

6 Jul 2026 8:01 am