Deposits still most preferred instrument of saving: RBI article

Deposits still most preferred instrument of saving: RBI article

Mumbai: Deposits are still the most preferred instrument of saving in India although market-based instruments are gaining share, said an article published in the Reserve Bank’s July Bulletin. The article provides estimates of quarterly financial balance sheet of households and their net financial wealth for 2011-12 to 2022-23. The article has been authored by Anupam … Read more

Banks total deposits grew by ₹96,547 crore during 2023-24

Banks total deposits grew by ₹96,547 crore during 2023-24

Banks informed the Ministers that the total deposits grew by ₹96,547 crore during 2023-24 and were pegged at ₹7.79 lakh crore. Total advances registered impressive growth by ₹1.62 lakh crore and advances by all banks reached ₹9.79 crore. The CD ratio continued to be above 100 per cent reaching 125.53 per cent from 119.16 per … Read more

3 stocks Pranav Gundlapalle is bullish on from banking sector

3 stocks Pranav Gundlapalle is bullish on from banking sector

“I think this is a big shift away from the last decade story where the underwriting differentiation was all that mattered so banks won or lost depending on how good their asset quality was, but now it comes back to deposits,” says Pranav Gundlapalle, Sanford C Bernstein. I just wanted to understand what your outlook … Read more