Business Standard

Gilt Investments By Banks Surge Past Rs 1 Trillion

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Our Banking Bureau BUSINESS STANDARD

Bank investments in government securities have, for the first time, crossed Rs 1 lakh crore (Rs 1 trillion) during a financial year. The investments grew at a frenetic 54 per cent to Rs 1,04,097 crore in 2002-03.

The fiscal also saw the highest-ever growth in bank deposits

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First Published: Apr 03 2003 | 12:00 AM IST

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