SBI MD Ashwini Tewari hopes market correction over time will get funds back to banking system

SBI Managing Director Ashwini Tewari noted that a correction in the equity markets could help banks regain deposits. The bank is focusing on small-ticket PMJDY accounts to drive deposit growth amidst a shift of funds to higher-yielding options. Tewari indicated a possible rise in deposit rates if needed by market demands.
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