Page 3 - Deposits In Banks

Too-big-to-fail US lenders rake in deposits after three banks fail

JPMorgan Chase & Co., the largest US bank, alone received billions of dollars in recent days, and Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. are also seeing higher-than-usual volume

Banks increase deposit rates on tight liquidity, high credit growth

Banks have made a beeline to increase rates on their deposits as liquidity in the system has tightened and the credit growth in the system has remained consistently high

Valuation gap with peers is expected to narrow for Axis Bank

It is leveraging the digital ecosystem, focusing on acquisition of corporate salary accounts, and also cross-selling products to existing clients

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

Bank of Baroda hikes MCLR up to 30 basis effective December 12

The revised rates will be effective from December 12

ICICI, Axis, IDFC First Bank hike deposits rate for above Rs 2 crore

Hike rates after credit growth expands 15.3%

Flows into NRI deposits nosedive to mere $349 mn in June quarter

Outstanding deposits declined to $135.9 billion at the end of June 2022 from $141.5 billion a year ago.

As credit demand grows, banks may soon be scrambling for deposits

Loan growth in India is at a 3-year high and seen inching up further as economic activity gains traction but a much slower growth in deposits could send banks scurrying for funds

South Indian Bank net profit up 10-fold in Q1, asset quality improves

In Q1, South Indian Bank's gross advances saw a growth of 10.95 per cent compared to the same period last financial year

Credit-deposit growth gap widens to a three-year high of nearly 5%

Development fuels concern that slow deposit growth could emerge as one of the biggest constraints for loan growth in the system

PNB customers must give details of high-value cheques before clearance

To sensitise its customers against high-value cheque frauds, Punjab National Bank urged them to submit details about cheques at least a day before clearance under Positive Pay System (PPS) framework.

Cap on term deposit while opening bank locker will end arbitrariness

Your bank will bear limited liability for the contents of your locker, so buy insurance

Bank credit grows by 6.36% while deposits jump by 11.41%: RBI data

The numbers are up to the fortnight ended January 15

How faster deposit growth could become counterproductive for banks

Should deposit growth continue to outpace credit growth, banks may end up ceding some hard-earned 25-50 bps improvement in profitability or net interest margin gained in the past two years

Bank credit up 5.5% to Rs 102.65 trillion, deposits rise 11.1%: RBI data

On an year-on-year (YoY) basis, non-food bank credit growth was at 6.7 per cent in June 2020

Deposit insurance may be raised to Rs 5 lakh; new wholesale plan in offing

New scheme likely for wholesale at Rs 25 lakh; proposals could figure at RBI board meet

Deposits made by public in financial institutions will be protected: FM

Jaitley said the government's massive Rs 2.11 lakh crore capital infusion plan in banks was to strengthen banks