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'Banks borrow at 9%, lend at 8.5%'... Kotak flags risk in lending biz model
Kotak said top banks are raising one-year wholesale deposits at around 8%, which translates to a marginal deposit cost of over 9% after factoring in CRR, SLR, deposit insurance, and priority ...
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Uday Kotak flags critical banking risk: 'Borrow at 9% and lend at 8.5!'
Translates to loaded marginal deposit cost of 9%+ after CRR (0 interest), SLR, deposit insurance, priority sector. Excluding opex." He underscored the contradiction, pointing out that despite ...