SENSEX
NIFTY
GOLD
USD/INR

Weather

image 32    C

Economy News

The Economic Times

Economy / The Economic Times

details

PSBs raise term deposit rates to reclaim deposit market share

Public sector banks are boosting term deposit rates to reclaim lost market share, a move that contrasts with private banks lowering theirs. Facing a decade of decline, PSBs are prioritizing liabilities to compete, especially as credit growth outpaces deposit mobilization. This strategic shift aims to regain ground, even if it impacts short-term profits, highlighting a competitive necessity in the current banking landscape.

2 Jul 2026 1:49 am