― Savings Bank De-Regulation is a serious blow to the profitability of Banking Stocks as Banks may want to increase their market share (acquire more customers) by offering better savings interest rates. ∙ Overall End Customer is bound to be benefited and it seems to be a good Diwali gift from RBI. ∙ So will be interesting to see whether it will lead to marginal rate hike or some serious hike in tune of 1.5% to 2% . Present saving interest rate stands at 4%. .