📷 Image: Wikimedia Commons / Vyacheslav Argenberg
Business
RBI Raises Fresh Deposit Rates for Banks in June, Lending Rates Slightly Rise
✍️ Business Standard
🗓 01 Aug 2026, 02:36 AM
👁 36
The Reserve Bank of India announced an increase in fresh deposit rates for banks effective June, while lending rates saw a modest uptick.
The Reserve Bank of India (RBI) has raised fresh deposit rates for banks, effective from June, in an effort to attract more deposits.
Banks are expected to offer higher returns to savers, potentially boosting their deposit base.
The policy change has also led to a modest rise in lending rates, which could translate into slightly higher borrowing costs for businesses and consumers.
The RBI’s move reflects a cautious stance on monetary policy amid ongoing inflationary pressures.
Banks are expected to offer higher returns to savers, potentially boosting their deposit base.
The policy change has also led to a modest rise in lending rates, which could translate into slightly higher borrowing costs for businesses and consumers.
The RBI’s move reflects a cautious stance on monetary policy amid ongoing inflationary pressures.