RBI's dividend transfer to ease near-term deposit accretion woes
The mega dividend will give a fillip to the central government’s fiscal position, which may lead to additional spending or fiscal consolidation or a combination of both, says Ind-Ra.
bank deposits
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Banks may get ₹1.6 lakh cr deposits after ₹2000 note withdrawal: RBL Bank
RBL Bank does not see any significant risks to inflation with the withdrawal of ₹2000 notes.
Bank of Baroda shares jump 4% post Q4 business update
The PSU lender’s total business crossed the ₹21 lakh crore milestones in FY23, aided by double-digit growth in advances and deposits in the March quarter of 2022.
Unclaimed deposits on the rise in public sector banks across the country
State Bank of India has the maximum unclaimed deposits of ₹8,086 crore in 2.17 crore accounts.
Where households invest their money
Indian households mainly invested in bank deposits, provident and pension funds, and life insurance funds.
Indian economy resilient in Oct-Nov: ICRA biz activity index
The monthly index improved to 13% in Nov from 7.4% in October. The composite tool that gauges economic activity each month posted an average YoY expansion of 10.2% in Oct-Nov 2022.
India Ratings raises bank credit growth estimate for FY23 to 13%
Private banks are likely to continue to gain market share, though the pace of gains is likely to moderate as PSBs expand the loan portfolio faster.
Rural banks in China freeze savings of depositors amid cash crisis
A group of over 1,000 protesters held a demonstration in front of the Zhengzhou sub-branch of the People's Bank of China to recover their frozen deposits.
Indians saved more in FY21; jobs back in FY22: SBI
Financial saving in the household sector surged by 3.6 percentage points to 11.5% of gross national disposable income deposits in FY21, the highest in over two decades.
The importance of foreign banks during downturns
Several studies have shown that foreign banks play a positive economic role, especially in emerging markets, by increasing local banks’ efficiency. India is no exception.
