Deposits In Banks

Yes Bank's loan book rises to Rs 2.36 trn in Q2FY25, deposits up over 18%

Yes Bank has reported 13.1% growth in loans & advances to Rs 236,512 crore as on 30 September 2024 as compared with Rs 209,106 crore as on 30 September 2023.

UPI-ICD expands to more banks: Cash deposits easier, no debit card need

UPI Interoperable Cash Deposit (UPI-ICD) allows you to deposit cash into your bank account using any UPI app, regardless of the bank operating the ATM.

High loan-deposit ratio not a concern, deposit growth not weak: Report

Latest Reserve Bank of India (RBI) data show bank deposits increased 10.8 per cent year-on-year (Y-o-Y) as of August 9, 2024, which is better than the medium- to long-term average growth

Incremental deposit growth outpaced credit growth since FY22: SBI Research

Myth of flagging deposit growth appears as just a statistical myth with credit growth outpacing deposit growth being tom-tommed as a deceleration in deposit growth, the research report said

Banks need to align credit and deposit growth, says RBI Bulletin

Pressure on NIM cited, upside risk to headline inflation flagged

FM Sitharaman meets heads of PSBs, exhorts banks to improve deposit growth

Finance Minister Nirmala Sitharman on Monday held a performance review meeting with heads of public sector banks and urged them to improve their deposit growth. Deposits have been growing 300-400 basis points lower than the credit growth in the last few months, creating an asset-liability mismatch for banks. According to sources, the finance minister reviewed the financial performance of banks and progress made in the implementation of various flagship schemes of the government, including PM Awas Yojana, PM Surya Ghar and PM Vishwakarma Yojana. Sitharman also took stock of deposit growth, credit-to-deposit ratio (CD ratio) and asset quality, sources said. The minister asked the banks' chief to focus on core banking business and increase the pace of deposit growth by introducing innovative products. Earlier this month, the finance minister had said there is a mismatch between deposit and lending growth. "Growth in lending is higher...I will be meeting banks (on August 19) for vari

Banks caught in a trap

The cost of deposits is on the rise, but banks can't raise interest rate on close to 60% of their loan books

How to bridge the wide gap between banks' credit and deposit growth?

To address the issue of deposit growth trailing lending growth, which can have potential systemic risks, some banks are also adopting innovative strategies to attract deposits

Discouraging retail play in F&O may help banks attract more deposits: Khara

Regulatory moves discouraging retail investors' derivative market bets may help the banking system garner the much-needed deposits, SBI Chairman Dinesh Kumar Khara has said. Khara said the budget announcements like the tweaks on the short-term and long-term capital gains will not lead to much gains from a deposit accretion perspective. "F&O (future and options) kind of things are being discouraged for the retail (investor) by the regulator. Those who are resorting to such kind of an instrument, they might come back to the banking system," Khara told PTI over the weekend. It can be noted that concerns over losses incurred by 90 per cent of investors in the derivative trades have led to fears of household savings being blown in speculation rather than being deployed for productive purposes among policymakers. As per capital markets regulator Sebi, retail investors lost Rs 52,000 crore in such activity in FY24 alone which necessitates a clampdown. Sebi has come up with a seven-point

HDFC Bank's loan book shrinks in June quarter, deposits flat sequentially

The deposit book as of June 30 was Rs 23.79 trillion, almost flat compared to the previous quarter. Deposit growth was 16.5 per cent year-on-year, excluding the impact of the merger

South Indian Bank, Karur Vysya Bank post double digit growth in deposits

The deposits of South Indian Bank grew by 11.21% year-on-year (Y-o-Y) to Rs 1,01,929 crore from Rs 91,651 cr. Meanwhile, the deposits of Karur Vysya Bank rose by 16.28% Y-o-Y to Rs 89,113 cr

Conscious call not to accept high cost deposits, says HDFC Bank CEO

HDFC Bank shares came under pressure after the Oct-Dec earnings numbers due to slower than expected growth in deposits and compression in net interest margin

Deposits paucity may hit Indian banks credit growth in FY25: Report

Private lenders with high loan-to-deposit ratio more vulnerable, says S&P

Can green deposits be withdrawn prematurely? All your questions answered

Green fixed deposits provide guaranteed returns and have a range of tenure options available, spanning from 18 months to 10 years. Premature withdrawal is allowed under certain conditions

Bank of Baroda hikes domestic retail term deposit rates upto 125 bps

Aims to increase share of short-term retail deposits

November sees highest issuances of certificates of deposit in FY24

In November, banks issued CDs worth Rs 75,884 crore

Higher interest rate puts pressure on CASA deposits, shows survey

Higher interest rates have resulted in a reduction in Current Account Savings Account (CASA) deposits as most of the savers are shifting towards term deposits, according to a report. CASA is low-cost deposits mobilised by banks, and higher amount of low-cost deposits mean better margins for banks. A survey by Ficci and Indian Banks' Association (IBA) released on Thursday showed that long term credit demand has seen continued growth in sectors like infrastructure, textiles, and chemicals. Food processing and metals iron & steel have also witnessed accelerated long-term loan disbursements in the past six months. Infrastructure is witnessing an increase in credit flow, with 67 per cent of the respondents indicating an increase in long term loans as against 57 per cent in the previous round, according to the 17th round of the Ficci-IBA Survey. The survey said that the outlook on expectations for the growth of non-food industry credit over the next six months is optimistic, with 42 per

RBI launches 'UDGAM', centralised web portal for unclaimed deposits

The web portal will help users identify and approach their banks for either claiming unclaimed deposits or making their deposit accounts operative at their banks, the RBI said

Capital Small Finance Bank Q1 total business grows 15.58% to Rs 12,584 cr

Capital Small Finance Bank Limited on Monday said its total business grew by 15.58 per cent to Rs 12,584 crore for the quarter ended June 2023. The Jalandhar-headquartered bank's total business was Rs 10,888 crore during the first quarter of the last financial year, according to a statement. The bank said its deposits grew by 14.64 per cent to Rs 7,064 crore and advances went up by 16.81 per cent to Rs 5,519 crore. The net worth of the bank increased by 28.81 per cent to Rs 69 crore during the first quarter of the current fiscal. Sarvjit Singh Samra, managing director and chief executive officer of Capital Small Finance Bank said, "We are proud to report robust profits, which underscore the resilience of our business model and the effectiveness of our strategic initiatives. "As we continue to navigate an ever-evolving financial landscape, we remain focused on sustaining this positive momentum and creating long-term value for our stakeholders.

Deposit growth hits 6-yr high on Rs 2000 note withdrawal, higher FD rates

In absolute terms, bank deposits have increased by Rs 22 trillion in the trailing twelve-month period