Over 80 per cent of savings accounts are estimated to have deposits of less than Rs 1 crore. Therefore, SBI is clearly headed for an improvement in financials from the September quarter onwards as Monday's announcement takes effect from July 31.
Indian policymakers may be underestimating the risk posed to the Indian economy by global macro conditions that have turned sharply adverse. A recent paper in the Reserve Bank of India
First Published: Jun 22 2022 | 11:09 PM IST