RBI set for rate cut, banks’ cost of funds may not drop – The Times of India
MUMBAI: RBI began its rate-cutting cycle in Feb with a 25 basis point reduction in the repo rate, but deposit rates have largely remained unchanged. While banks have passed on the benefit to home loan borrowers, the impact on depositors has been limited.According to RBI data, the weighted average domestic term deposit rate (WADTDR) stood…