State Bank of India is now also focussing on granular, small-ticket deposits to aid deposit growth.
2 min read28 Aug 2024The RBI’s deliberate strategy to tighten money supply is slowing down bank deposit growth, challenging the conventional wisdom that deposits fund loans. While this approach aims to control inflation, it raises questions about the broader implications for the banking system’s stability.
18 min read28 Aug 2024A war for deposits among banks is finally giving way to a realisation that they may have to adjust to a shift in savings habits among customers in favour of higher-yielding investments.
5 min read1 Aug 2024Banks are seeing a significant shift in customer deposits to higher yielding fixed deposits and other investment avenues such as mutual funds and equities, said Ashwini Kumar Tewari, managing director of State Bank of India.
3 min read22 Jul 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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