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Deposit Rate Cuts On The Cards

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Our Banking Bureau BUSINESS STANDARD

Commercial banks are bracing for another round of deposit rate cuts over the next few days.

A cut in lending rates, though, may have to wait till the end of the financial year because banks are not willing to compromise on their interest income by slashing rates in the last quarter.

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First Published: Jan 04 2003 | 12:00 AM IST

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