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Page 4 - Bank Deposits

Bandhan Bank's total deposits rise 12.2% at Rs 1.08 trn in Q4FY23

Bandhan Bank's total deposits in the fourth quarter of last fiscal stood at Rs 1,08,069 crore, registering a rise of 12.2 per cent over the same period a year ago, the private lender said. Loans and advances during the quarter ended March 31 was at Rs 1,09,112 crore, reflecting a year-on-year growth of 9.8 per cent, it said in a release. Collection efficiency of micro-lending during the period under review came in at 98.5 per cent as against 98 per cent a year ago. The Kolkata-based bank said its current account, savings account (CASA) in the quarter to March stood at Rs 42,471 crore, representing a growth of six per cent over the corresponding period a year ago. Bulk deposits were at Rs 31,125 crore compared with Rs 21,890 crore in the fourth quarter of 2021-22, registering a growth of 42.2 per cent. The loan coverage ratio (LCR) of the bank stood at 157 per cent during the reporting period, the release added.

Bandhan Bank's total deposits rise 12.2% at Rs 1.08 trn in Q4FY23
Updated On : 05 Apr 2023 | 4:30 PM IST

Share of low-cost money in bank deposits dips in FY23 amid clamour for FDs

Ease of movement of funds on digital platforms and deployment of money by businesses from current accounts also played a role in pruning the share of CASA money

Share of low-cost money in bank deposits dips in FY23 amid clamour for FDs
Updated On : 04 Apr 2023 | 10:54 PM IST

It's financial sector greed again

US and European regulators ignored basic risk management. But why do regulators allow financial sector firms to gamble with depositors' money?

It's financial sector greed again
Updated On : 29 Mar 2023 | 9:46 PM IST

US officials study ways to guarantee all bank deposits if crisis expands

One legal framework under discussion for expanding FDIC insurance would use the Treasury Department's authority to take emergency action and lean on the Exchange Stabilization Fund, the people said

US officials study ways to guarantee all bank deposits if crisis expands
Updated On : 21 Mar 2023 | 8:37 AM IST

Indian lenders expect pick up in retail deposits as interest rates rise

Currently, most large lenders offer deposit rates between 6.75% and 7.30% for 1-2 year deposits and between 5.75% and 7.25% for longer-term deposits

Indian lenders expect pick up in retail deposits as interest rates rise
Updated On : 24 Jan 2023 | 5:18 PM IST

Banks raise record Rs 91,500 crore in debt capital in FY23 so far: Report

Amid tight liquidity condition, banks have issued a record quantum of bonds, with gross issuances hitting an all-time high of Rs 91,500 crore so far this fiscal, and are likely to close the financial year with around Rs 1.4 lakh crore. Gross bond issuances by banks is estimated to reach Rs 1.3-1.4 lakh crore this fiscal as debt sales have already hit record high of Rs 0.915 lakh crore, surpassing the previous high of Rs 0.8 lakh crore in FY17, Icra Ratings said in a note on Monday. The agency said this alternate resource of fund raising by banks is on the back of widening credit-deposit gap. With credit demand continuing to outdo deposits throughout this fiscal, the overall gap between deposits and credit growth widened substantially. Incremental credit expansion stood at Rs 12.7 lakh crore, while deposit accretion continued to trail at Rs 8.9 lakh crore, till December 16, 2022. To bridge this gap, banks have been relying on various sources of funding such as refinance from financia

Banks raise record Rs 91,500 crore in debt capital in FY23 so far: Report
Updated On : 09 Jan 2023 | 8:40 PM IST

Bank of Maharashtra records 22% loan growth to Rs 1.57 trillion in Q3

State-owned Bank of Maharashtra (BoM) on Tuesday said it has posted a credit growth of 21.81 per cent to Rs 1.57 lakh crore for the third quarter ended December 2022. The outstanding credit was Rs 1.29 lakh crore at the end of December 31, 2021, BoM said in a regulatory filing. The bank's deposits aggregated to about Rs 2.08 lakh crore as of December 31, 2022, registering a growth of 11.69 per cent over Rs 1.86 lakh crore at the end of December 31, 2021, it said. During the quarter, it said, the Current Account Savings Account (CASA) stood at 52.50 per cent of the total deposits. The Pune-headquartered lender recorded a total business growth of 15.83 per cent to Rs 3.65 lakh crore at the end of third quarter, as compared to Rs 3.15 lakh crore at the end of the same quarter in the previous fiscal.

Bank of Maharashtra records 22% loan growth to Rs 1.57 trillion in Q3
Updated On : 03 Jan 2023 | 1:32 PM IST

Post-LVB integration, DBS aiming to treble growth in 5 years: MD & CEO

Surojit Shome, MD and CEO of DBS Bank India, said having crossed the Rs one trillion business (deposit and loans) mark in September, the bank is looking to grow 3x in five years

Post-LVB integration, DBS aiming to treble growth in 5 years: MD & CEO
Updated On : 28 Dec 2022 | 10:10 PM IST

Credit offtake grows 17.5% for fortnight ended Dec 2: CARE Ratings

The growth is driven by a low base, NBFC, retail credit, higher working capital demand driven by inflation and improvement in capacity utilisation ratio, and rising demand for fresh capex

Credit offtake grows 17.5% for fortnight ended Dec 2: CARE Ratings
Updated On : 27 Dec 2022 | 10:10 AM IST

Banks increase deposit rates on tight liquidity, high credit growth

Banks have made a beeline to increase rates on their deposits as liquidity in the system has tightened and the credit growth in the system has remained consistently high

Banks increase deposit rates on tight liquidity, high credit growth
Updated On : 26 Dec 2022 | 10:31 PM IST

Valuation gap with peers is expected to narrow for Axis Bank

It is leveraging the digital ecosystem, focusing on acquisition of corporate salary accounts, and also cross-selling products to existing clients

Valuation gap with peers is expected to narrow for Axis Bank
Updated On : 22 Dec 2022 | 1:15 AM IST

Bank credit grows 17.5% in a fortnight; deposits up 10%: RBI data

Country's largest lender State Bank of India (SBI) raised deposit rates by 15-100bps, the maximum increase being for bulk deposits

Bank credit grows 17.5% in a fortnight; deposits up 10%: RBI data
Updated On : 16 Dec 2022 | 11:27 PM IST

Banks rush to hike deposit rates, raise funds amid firm loan growth

Major private lenders such as HDFC Bank, ICICI, Axis revise rates; deposit rates now catching up with RBI rate hikes

Banks rush to hike deposit rates, raise funds amid firm loan growth
Updated On : 14 Dec 2022 | 11:20 PM IST

Wide gap between bank credit and deposit growth seen declining

Lower GDP growth, RBI rate hikes, reversal of base effect to blunt credit growth, analysts say

Wide gap between bank credit and deposit growth seen declining
Updated On : 09 Dec 2022 | 12:31 AM IST

Trend shift? Bank deposits rise four times versus credit outflows

Credit rose by Rs 0.43 trillion to Rs 129.26 trillion and deposits grew by Rs 1.7 trillion to Rs 173.7 trillion in the reporting fortnight

Trend shift? Bank deposits rise four times versus credit outflows
Updated On : 18 Nov 2022 | 11:50 PM IST

Banks' loans rose 17% Y-o-Y in two weeks to Nov 4, deposits up 8.2%: RBI

Bank deposits rose Rs 1.69 trillion to Rs 173.70 trillion in the two weeks to Nov 4

Banks' loans rose 17% Y-o-Y in two weeks to Nov 4, deposits up 8.2%: RBI
Updated On : 18 Nov 2022 | 5:57 PM IST

TMS Ep304: Slow deposit growth, Tech layoffs, S Naren, Twitter's blue tick

Why's RBI governor worried about deposit growth? Where did big tech and startups go wrong on hiring? What's worrying S Naren when it comes to equity markets? What is Twitter's blue tick? Answers here

TMS Ep304: Slow deposit growth, Tech layoffs, S Naren, Twitter's blue tick
Updated On : 16 Nov 2022 | 12:37 PM IST

Share of low-cost deposits falls as FD rates rise, banks' NIM may take hit

With RBI on monetary tightening path, liquidity has shrunk and interest rates have hardened, forcing banks to hike rates on term deposits in order to get funds for credit growth

Share of low-cost deposits falls as FD rates rise, banks' NIM may take hit
Updated On : 15 Nov 2022 | 11:06 PM IST

Bandhan Bank offers 7.5% interest rate on retail FDs for limited period

Rate applicable to both fresh deposits and renewals of up to Rs 2 crore for a tenure of 600 days, seniors to get 0.5% more

Bandhan Bank offers 7.5% interest rate on retail FDs for limited period
Updated On : 07 Nov 2022 | 5:20 PM IST

Banks' reliance on deposits increases amid strong credit growth

Banks have raised over 3.51 trillion Indian rupees($42.41 billion) through certificate of deposits (CDs)in April-October, 22% higher than the 2.87 trillion rupees raised in 2021-2022

Banks' reliance on deposits increases amid strong credit growth
Updated On : 03 Nov 2022 | 1:31 PM IST