Deposits News

Industry

IEPFA’s digital revamp targets faster claim approval

The infusion of technology will help IEPF meet its target of clearing refund claims within 60 days of receiving a verification report on the investor’s claim and the relevant documents from the company concerned

3 min read11 Nov 2024
Industry

PSU banks are giving the best FD rates in eight years. Here’s why

In September, the weighted average domestic term deposit rate for public sector banks (PSBs) touched 7%, the first time since March 2017

4 min read6 Nov 2024
Money

The anatomy of falling bank deposits—and how to arrest it

The sharp decline in bank deposits signals shifts in customer behaviour, driven by changing saving habits and alternative investments. Reversing this trend will require banks to innovate deposit products and enhance customer engagement.

3 min read26 Sep 2024
Newsletters

Vivek Kaul: Stock market mania and the shrinking case of household deposits

As banks face an asset-liability mismatch, data reveal a concerning trend: individuals are shifting their savings to riskier investments. With RBI’s monetary policy influencing this shift, what does it mean for the future of banking in India?

16 min read25 Sep 2024
Industry

Banks get innovative to beat ongoing deposit crunch

Lenders are not just competing with one other but also equities, mutual funds and insurance products that have been drawing household savings.

5 min read24 Sep 2024
Industry

Banking system low-cost deposits could decline further, says SBI chairman Setty

SBI’s Casa ratio stood at 40.7% as on 30 June, down from 42.9% from the same period last year. Its loan book expanded by a robust 15.4% year-on-year, outpacing deposit growth of 8.2% in the June quarter.

2 min read18 Sep 2024
Industry

After racing ahead of deposits, credit is catching its breath

Experts said that regulatory actions for higher outflow rates on retail deposits, higher risk weights for certain loan segments will continue to drive slower growth for the rest of the period in this financial year.

3 min read16 Sep 2024
News

India’s Deposit Crunch Has a Taste of China’s Past

The smaller economy is emulating its larger rival’s post-2001 tight money policy. But illiquid banks are a hurdle to credit-fueled growth. 

5 min read3 Sep 2024
Industry

SBI won’t get into a rate war amid fight for deposits, says new chief

But Setty does not rule out tweaking in rates for one- to two-year deposit buckets

3 min read30 Aug 2024
Industry

Correction in markets over time could help some deposits return to banks: SBI MD Tewari

State Bank of India is now also focussing on granular, small-ticket deposits to aid deposit growth.

2 min read28 Aug 2024
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