Page 6 - Bank Deposits

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

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

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

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

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

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

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

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

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

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?