Push for short-term money pushes rates for bulk deposits to 10%

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BS Reporter Mumbai
Last Updated : Feb 27 2014 | 12:38 AM IST
The interest rates on short-term bulk deposits have hardened to 10 per cent, with some banks aggressively raising money, driven by asset-liability mismatch and financial year-end growth targets. Executives said those with a weak financial profile (a high level of non-performing assets and liability mismatches at the short end) were offering such high rates for short-term bulk deposits (Rs 10 crore and above).

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First Published: Feb 27 2014 | 12:02 AM IST

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