‘Banks borrow at 9%, lend at 8.5%’… Kotak flags risk in lending biz model – The Times of India
Mumbai: Ahead of a likely rate cut by RBI, even as liquidity remains scarce, veteran banker Uday Kotak has raised concerns over the banking business model, highlighting the narrowing spread between deposit and lending rates.Kotak said top banks are raising one-year wholesale deposits at around 8%, which translates to a marginal deposit cost of over…