Budget 2026 should announce tax relief on bank deposits

The central government in the upcoming budget 2026 should announce reforms across taxation, insurance and pension...

Weak household savings continue to weigh on bank deposit

The report flags sluggish household deposit accretion and muted growth in low-cost deposits as the key structural...

Bank deposits with SCBs register 11.3% Year-on-year growth

The surge was primarily driven by a strong rise in term deposits, which grew 13.5 per cent year-on-year,...

Banks' credit growth to remain low as corporates using other fund

Credit growth of banks in the country is likely to remain low as corporates continue to opt for alternative methods...

Indian banks need to improve deposit strategies: BCG report

As Indian savers increasingly explore mutual funds, pensions, and direct investments, among others, banks will need...

Private banks increased market share in total deposits while PSBs

Private banks in India have been steadily increasing their share in total bank deposits over the last five years,...

Ministry of Finance addresses recent report on Swiss Bank Deposit

The Ministry of Finance on Friday addressed recent media reports concerning an increase in money deposited by Indian...

Deposits by Indians in Swiss Banks fall nearly 18% over 10 years

Deposits of Indian customers in Swiss banks have declined by around 18 per cent over the past decade, according to...

Bank deposits grew by 10% in FY25, growth decline from 13%

The growth of bank deposits in India slowed down to 10.6 per cent year-on-year in the financial year ended March...

Regulatory easing to support India’s credit growth expansion

Rating agency ICRA expects India's credit growth to expand at 10.8 per cent in the current financial year 2025-26.

RBI supersedes Board of Directors of New India Cooperative Bank

Reserve Bank of India superseded the Board of Directors of New India Cooperative Bank Ltd, Mumbai, for a period...

Households savings shift from bank FDs to mutual funds

The savings pattern of Indian households has been undergoing a significant shift over the past three years, with...