With spike in gilt yields, FD rates inch up too

Alarmed by the increase in bond yields, Indian Railways Finance Corporation and National Cooperative Development Corporation cancelled bond issues. However, even as bond yields surged, ICICI Bank joined SBI, Kotak and HDFC in cutting home loan rates.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/with-spike-in-gilt-yields-fd-rates-inch-up-too/articleshow/81361848.cms