Credit-deposit growth gap narrows to 90 bps in September
The gap between credit and deposit growth in the banking system narrowed in September to 90 basis points from 330
Continue reading
Tag: Deposit
Top private banks’ Q2 Filesadmin.co updates see higher deposit growth than credit
Top private banks have started posting higher deposit growth than credit in the quarter ending September 2024, according to provisional
Continue reading
Banks launch innovative, high-yielding products to prop up deposits
Banks are launching new, innovative deposit schemes which offer higher rate of interest and also resemble capital market instruments like
Continue reading
Bank credit growth slows to 13.9% in June on higher base effect and focus on managing CD ratio
Bank credit growth slowed to 13.9 per cent in June 2024 compared to 16.3 per cent a year ago due
Continue reading
SBI, Union Bank announce big fund-raising plans
The State Bank of India (SBI) and Union Bank of India (UBI) have announced huge fund-raising plans in the backdrop
Continue reading
Room for deposit rate hikes given sustained credit-deposit gap, pressure on NIMs: RBI
Transmission of policy rate changes in still being seen in lending and deposit rates and banks are expected to hike
Continue reading
Government’s JIT system adoption for the release of payments pushes banks to search for alternatives to grow Current Account deposits
With the government’s efficiency in managing funds going up manifold due to the adoption of the JIT (just-in-time) principle, banks
Continue reading
Mahila Samman Savings Certificate collected over ₹Rs 14.5 thousand crore in 9 months
Over 22.5 lakh accounts have been opened under the Mahila Samman Saving Certificate Scheme (MSSCS) in the first nine months
Continue reading
No proposal under consideration to extend date for exchange/deposit ₹2,000 note, says Govt
The center has clarified that there is no proposal under consideration to extend the exchange date of the Rs 2,000
Continue reading
Incremental Credit-Deposit ratio of Scheduled Banks’ declined in the financial year so far
Scheduled banks’ increased credit deposit (CD) ratio has declined in the fiscal year so far, with the accumulation of additional
Continue reading