Page 3 - Deposit
SBI has strength to operate next 12 months due to strong deposit: S&P
State Bank of India (SBI) has the financial strength to withstand tough operating conditions in the next 12 months due to its strong deposit franchise and liquidity, global rating agency S&P on Thursday said. The very high likelihood of the government support, if needed, provides a cushion to accentuated downside risks, it said in a statement. SBI's performance in the second quarter was broadly in line with our expectations of a rebound in performance after the lockdown, with uncertainty about the amount of incremental stressed assets emerging over the next six months, the rating agency said. The country's largest lender SBI on Wednesday reported a 55 per cent increase in its consolidated net profit to Rs 5,245.88 crore for the second quarter ended September 30, on account of decline in bad loans. "The bank has continued to cut the cost of deposits and boost its net interest margin, while peers have faced pressure from excess investments in lower-earning assets. Collection ...
 "SBI has strength to operate next 12 months due to strong deposit: S&P")
Covid-19: Paytm Payments Bank crosses Rs 1,000 crore in savings deposits
PPBL has been witnessing an accelerated rise in the deposits, as more people are embracing digital banking during Covid-19.
 "Covid-19: Paytm Payments Bank crosses Rs 1,000 crore in savings deposits")
Deposit rates not to rise despite all-time high credit-to-deposit ratio
Banks have a large pool of government bonds that are much above the SLR of 19.5%
 "Deposit rates not to rise despite all-time high credit-to-deposit ratio")
Banks' deposit base to take Rs 1.5-2 lakh cr hit
2013 foreign currency non-resident deposits to mature in Sep-Nov
 "Banks' deposit base to take Rs 1.5-2 lakh cr hit")
