Page 4 - Deposits In Banks

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