The demonetisation has injected adrenaline into the debt market. A large number of old Rs 500 and Rs 1,000 notes have been deposited in banks. Rough estimates say deposits have crossed the Rs 4.5 lakh crore mark. But the outflow has not happened because of withdrawal restrictions imposed by the RBI.
With abundant money already in the bag, banks have started cutting fixed deposits rates. SBI, ICICI Bank, HDFC Bank, IDBI Bank and Kotak Bank have already cut rates and others are exp ..
