Page 5 - Bank Deposits

Deposit rates may rise 105 bps due to 190 bps repo rate hike: SBI report

CASA occupies a 45% share in overall bank deposits; it is FDs, which make the remaining 55%, which will need the rate adjustment

The battle for deposits will intensify

The challenge before the banking system is how to keep the net interest margin healthy in a rising interest rate cycle

Flows into NRIs deposits moderate to $1.43 billion in Apr-Aug period

Outstanding NRI deposits declined to $134.68 billion at the end of August 2022 from $141.52 billion a year ago

Private banks show healthy loan, deposit growth in Q2, Casa share dips QoQ

According to RBI data, bank credit grew at 16.2% YoY as on September 9, while deposits were up by 9.5%

Banks increase interest rates on bulk deposits as liquidity tightens

Loan, deposit growth gap at 10-year high

Mutual funds' share in household savings jump 150% in FY22: RBI data

Retail investments in MF rise as flows into bank deposits drop

Amid rising credit demand, SBI  looks for a revamp to increase deposits

The State Bank of India is planning to revamp its current and savings accounts, salary accounts, and transaction banking businesses

ICICI, Axis, IDFC First Bank hike deposits rate for above Rs 2 crore

Hike rates after credit growth expands 15.3%

Bank credit up by 15.32%; deposits by 8.84% in fortnight ended Aug 12: RBI

Bank credit grew by 15.32 per cent to Rs 124.305 lakh crore and deposits by 8.84 per cent to Rs 169.49 lakh crore in the fortnight ended August 12, the RBI data showed. In the fortnight ended August 13, 2021, bank advances stood at Rs 107.79 lakh crore and deposits at Rs 155.72 lakh crore, according to the Reserve Bank of India's (RBI) Scheduled Banks' Statement of Position in India as on August 12 released on Friday. In the previous fortnight ended July 29, bank credit grew by 14.52 per cent and deposits by 9.14 per cent. In FY 2021-22, bank credit rose by 8.59 per cent and deposit by 8.94 per cent.

TMS Ep240: Bank deposit rates, chip shortage, FD rates, Electricity Bill

Good times ahead for FD investors? Will China-Taiwan tension worsen India's chip shortage? Will higher FD rates lure equity investors? What is Electricity (Amendment) Bill 2022? All answers here

As banks woo them, are depositors looking at good days ahead?

Banks are rushing to woo depositors with attractive rates. These deposit rates may soar further if repo rate rise to 5.75 - 6% by the end of this calendar year. So, what is in the store for investors?

From SBI to BoB, banks rush to woo depositors ahead of festival season

SBI, Bank of Baroda, Canara Bank lift rates to 6% and above

Bank credit grows 14.5% YoY as on July 29, deposits grow 9.1%: RBI data

Bank credit rose 14.52% to Rs 123.69 trn and deposits increased 9.14% to Rs 169.72 trn in the fortnight ended July 29, according to RBI data

ED freezes over Rs 64-crore bank deposits of crypto exchange WazirX

The federal agency said it conducted raids against a director of Zanmai Lab Pvt Ltd, which owns WazirX, on August 3 in Hyderabad and alleged he was "non-cooperative".

Ahead of festive season, lenders have a new worry of sub-9% deposit growth

Credit to industry has also expanded 9.5 per cent during this period

RBI launches public awareness drive as unclaimed deposits increase

RBI is now encouraging people who have not claimed their deposits to reach out to the respective banks for such deposits

China quells protest by people seeking life savings back: Report

Banks froze millions of dollars worth of deposits in April, telling customers they were upgrading internal systems

Bank credit grows by 11.04% to Rs 120 trn; deposits by 9.27%: RBI data

In the previous fortnight ended May 6, bank credit grew by 10.82 per cent and deposits at 9.71 per cent

Bank credit grows 10.82%; deposits rise 9.71% in fortnight ended May 6: RBI

In FY22, bank credit rose by 8.59% and deposit by 8.94%

Quoting PAN or Aadhaar must for deposit or withdrawal of Rs 20 lakh or more

CBDT said furnishing the PAN or Aadhaar will be mandatory for such high-value deposits or withdrawals from banks, or opening of a current account or cash credit account with a bank or post office