Let interest rates go up so that bank deposits can grow 10-12%: K Harihar, FirstRand Bank - News Summed Up

Let interest rates go up so that bank deposits can grow 10-12%: K Harihar, FirstRand Bank


Now the deposit growth rate at below 10% is at a 50-year low. Now which of these two fronts; rupee liquidity or the dollar liquidity worries you more? In a chat with ET Now , Mythili Bhusnurmath and K Harihar , Head - Global Markets , FirstRand Bank, discuss the macro cues including growth, liquidity and what the government and RBI can do to address the concerns. Liquidity should basically come from deposit growth because deposits ultimately are the source of any long-term lending by the banking sector. So there seems to be clearly a problem with local deposit growth.


Source: Economic Times June 10, 2016 09:48 UTC



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