Interesting opportunity - deposits vs home loans in India

There has been pressure in recent times for Indian banks to lower deposit rates. However, reports suggest that SBI is hesitant to do so as it seeks to continue to grow the deposit business. Therefore, one can still secure around 9% pa interest rates on deposits with SBI. Other banks are seeking to lower deposit interest rates but can't really do so if SBI maintains this position. On the other hand, HDFC is showing signs of lowering home loan rates.

This points to a potential to get best of both worlds by splitting your deposit and home loan relationships, if not done so already. Multi-bank relationships are quite normal and a customer should seek the best product features/deals in all major products - a bank should offer you significant additional value should it want to keep most of your relationship.