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Fight for deposits pushes Sept rates up
Financial Express Delhi
|November 01, 2025
THE PRESSURE TO garner deposits saw rates inching up in September — the first time since the Reserve Bank of India (RBI) began its rate cut cycle in February.
According to RBI’s monthly data, the weighted average rate on fresh rupee term deposits of scheduled commercial banks (SCBs) has inched up by 4 basis points (bps) on month, with rates of public sector banks up by 3 bpswhile private sectorwas up 2 bps.
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