Page 8 - Bank Deposits

IDFC First Bank clocks 10% loan growth in Q2 at Rs 117,243 crore

IDFC First Bank on Tuesday said it has posted 9.75 per cent growth in advances at Rs 117,243 crore for the second quarter ended September 30, 2021

Yes Bank posts 3.6% growth in advances at Rs 1,72,945 cr in Sep quarter

Yes Bank posts 3.6% growth in advances at Rs 1,72,945 cr in Sep quarter

Bank deposits rise 12% in FY21 on higher CASA growth: RBI data

Among institutional categories, the household sector held 64.1 per cent share in total deposits

RBI issues revised norms for hiring of bank lockers: Check details here

Under new norms, the liability of banks will be limited to 100 times its annual rent in case of fire, theft, building collapse or frauds by bank employees

BoM tops PSU banks chart in terms of loan, saving deposit growth in Q1

State-owned Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in terms of loan and savings deposit growth during the first quarter of the current financial year. The Pune-headquartered lender recorded 14.46 per cent increase in gross advances at Rs 1,10,592 lakh crore in April-June period of 2021-22, as per the published data of BoM. It was followed by Punjab & Sind Bank which posted 10.13 per cent growth in advances with aggregate loans at Rs 67,933 crore at the end of June 2021. When it came to deposit mobilisation, BoM with nearly 14 per cent growth was a notch behind Punjab and Sind Bank, while the country's largest lender State Bank of India recorded 8.82 per cent rise. However, in absolute terms SBI's deposit base was 21 times higher at Rs 37.20 lakh crore as against Rs 1.74 lakh crore of BoM. Current Account Savings Account (CASA) for BoM saw 22 per cent rise, the highest among the public sector lenders, during the quarter. As a result,

Depositors to get up to Rs 5 lakh within 90 days if bank under moratorium

The announcement covers 98.3% of all deposit accounts and 50.9 per cent of the deposit value, Finance Minister Nirmala Sitharaman said

IDBI Bank's net profit soars 318% YoY to Rs 603 cr in June quarter

Net interest income of the lender jumped 41% YoY to Rs 2,506 crore but sequentially it was down 23%

Stop penalty on early withdrawal of SCSS in case of death: IBA to banks

Banks asked to capture closure reason in CBS

Indian Bank Q1 net more than triples to Rs 1,182 cr, NIM up marginally

Bad loan recoveries helps to improve bottom-line

Bank credit grows by 6.08% ; deposits increased by 9.76%

Bank credit grew by 6 per cent to Rs 109.31 lakh crore and deposits increased by 9.76 per cent to Rs 154.51 lakh crore in the fortnight ended July 2, 2021, RBI data showed.

Japan's households, firms keep saving on prolonged impact of pandemic

Japan's currency in circulation and bank deposits hit a record high for the fourth straight month in June, data showed on Friday, as households and companies continued to pile up savings

Statsguru: What bank deposits data tells us about Covid disruption

Deposits grew fast in the period when consumption got hit due to restrictions and precautionary behaviour.

YES Bank plummets 13% as Q4 net loss widens to Rs 3,788 crore

The private sector lender's standalone net loss widened marginally to Rs 3,788 crore in the March quarter of FY21 as against a net loss of Rs 3,668 crore a year ago

SBI refunds charges deducted from basic savings bank deposit accounts

In a statement, SBI said it had stopped recovering charges in BSBD accounts on all digital transactions with effect from September 15

IndusInd Bank's advances up 3% YoY and sequentially in Q4FY21

The bank told stock exchanges its deposits have gone up by 27 per cent YoY to Rs 2.56 trillion

Japan's bank deposits rise at record pace in Feb as consumers save

Japanese bank deposits rose in February at the fastest annual pace of record, data showed on Monday, as a renewed wave of coronavirus infections prodded households to save rather than spend

Bank credit grows by 5.93% to Rs 107 trn, deposits by 11.06%: RBI data

Bank credit grew 5.93 per cent to Rs 107.05 lakh crore, while deposits rose 11.06 per cent to Rs 147.98 lakh crore in the fortnight ended January 29, RBI data showed. In the fortnight ended January 31, 2020, bank credit stood at Rs 101.05 lakh crore and deposits at Rs 133.24 lakh crore. In the previous fortnight ended January 15, 2021, growth in bank credit was 6.36 per cent, while deposits rose 11.41 per cent. During the first nine months of the current fiscal, bank credit rose by 3.2 per cent and deposits by 8.5 per cent. In December 2020, non-food credit growth of banks stood at 5.9 per cent as compared to 7 per cent in the same month of the previous year, according to RBI data on Sectoral Deployment of Bank Credit for December 2020, released last month. During the reporting month, growth in credit to agriculture and allied activities accelerated to 9.4 per cent from 5.3 per cent in December 2019. Loans to industry contracted by 1.2 per cent as compared to 1.6 per cent growth

Make jewellers partners in gold deposit scheme

The number of places where gold can be tendered is limited and the staff there is ill-trained, making the scheme a non-starter

Bank lending, deposit rates have bottomed out: SBI chief Dinesh Khara

Khara said SBI and other banks in the country were aware that the economy required softer rates to continue.

Lakshmi Vilas Bank depositor? Spread deposits across banks to lower risks

If you hold an account at Lakshmi Vilas Bank, which has been placed under a moratorium restricting withdrawal of more than Rs 25,000, you must have many queries. We try to answer some of them.