Deposits
Recent Highlights
All Stories for Deposits
RBI cancels licence of Mumbai-based CKP Co-operative Bank; depositors to get up to Rs 5 lakh
•
Bandhan Bank FY20 deposits rise 32% to Rs 57,073 cr; advances jump by 60% to Rs 71,825 cr
•Bandhan Bank on Monday said its total deposits grew by 32 percent to Rs 57,073 crore during the fiscal ended March 2020
IndusInd Bank deposits shrink 7% in March quarter; Yes Bank crisis triggers withdrawals
•Private sector lender IndusInd Bank has reported a 7 percent decline in deposits during the March quarter due to withdrawals triggered by the Yes Bank crisis
Kotak Mahindra Bank customer deposits jump 20% in FY20 at Rs 2.58 lakh cr; net advances in FY20 moved up 6.7% to Rs 2.19 lakh cr
•Savings deposits at Kotak Mahindra moved up dramatically to Rs 1.04 lakh crore, up 31.3 percent from Rs 79,685 crore in the same period.
ICICI Bank slashes interest rate on savings account by 25 bps for deposits up to Rs 2 crore
•Private sector lender ICICI Bank on Wednesday cut interest rates on savings accounts by 25 basis points for deposits up to Rs 2 crore
RBI governor Shaktikanta Das urges people not resort to panic buying; says Indian banking system is safe
•Allaying depositors' concerns, RBI Governor Shaktikanta Das on Friday asserted there Indian banking system is safe, and termed linking banks' share prices to the safety of deposits as "fallacious" thinking
RBI monetary policy: Central bank announces incentive for lending to MSME, home, auto sectors
•In a bid to increase lending to MSME as well as to auto and home segment, Reserve Bank on Thursday tweaked maintenance of cash reserve ratio (CRR) norms by providing relaxation in calculation of total deposits
Lenders get into lazy banking as they face slowdown blues, invest greater proportion of deposits in G-secs
Vivek •The idea behind cutting the SLR is that banks will need to invest a lower proportion of their deposits in G-secs and in the process they will have more money to lend.
Union Budget 2019: Understanding current account deficit that represents a country's financial transactions
Fp Research •Companies, public enterprises, businessmen who generally have higher number of regular transactions with the bank have a current account.
Top private sector banks cut interest rates on deposits by up to 0.25% over last week
•Top private sector lenders have cut their interest rates on deposits by up to 0.25 percent over the last week, officials said on Monday