The Reserve Bank of India has opened consultations with commercial banks on strategies to attract larger and more stable deposit bases, responding directly to a structural shift in household savings away from bank deposits toward equities and mutual funds. The divergence has tightened system-wide liquidity and pushed credit-deposit ratios higher, a dynamic that raises funding costs and constrains lending capacity across the sector. The mechanism is straightforward: as retail savers allocate more to capital markets, banks compete for a slower-growing pool of deposits while loan books continue expanding, compressing the margin between cheap liability funding and asset growth. For bank operators and credit analysts, the key variables to track are whether RBI guidance translates into product-level incentives, such as revised interest rate structures or new deposit instruments, and whether the measures can meaningfully slow the reallocation trend. The outcome will directly affect net interest margins, wholesale funding reliance, and the pace at which credit growth can be sustained without straining balance sheet ratios.
The Supreme Court blocked Trump from firing Federal Reserve board member Lisa Cook, preserving the Fed's independence from presidential removal power. A separate ruling the same day gave Trump broader authority to dismiss leaders of other independent federal agencies.
The US Supreme Court has blocked President Trump's attempt to fire Federal Reserve governor Lisa Cook, who faced unproven mortgage fraud allegations. The ruling preserves Fed independence for now and keeps a politically charged removal case alive in the courts.
The US Supreme Court, splitting along ideological lines, has allowed the Trump administration to end Temporary Protected Status for Haitian and Syrian immigrants.
The U.S. Supreme Court ruled against TPS protections in a case centered on Haitian migrants, leaving 1.3 million people from over a dozen countries vulnerable to deportation. Many affected individuals have lived legally in the U.S. for decades, with the ruling removing a key legal shield used to resist removal.
