Search For "bank deposit"
Budget 2026 should announce tax relief on bank deposits, insurance and pen
Updated : 3 months, 3 weeks ago IST
The central government in the upcoming budget 2026 should announce reforms across taxation, insurance and pension sectors to boost household financial savings, reduce compliance challenges and improve social security coverage in the country, highlighted a report by State Bank of India (SB
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Weak household savings continue to weigh on bank deposit growth: Report
Updated : 5 months, 1 week ago IST
The report flags sluggish household deposit accretion and muted growth in low-cost deposits as the key structural challenges for banks in the current cycle. While deposits have broadly grown in double digits, momentum has failed to keep pace with credit growth.
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Bank deposits with SCBs register 11.3% year-on-year growth as of June-end
Updated : 7 months, 3 weeks ago IST
The surge was primarily driven by a strong rise in term deposits, which grew 13.5 per cent year-on-year, significantly outpacing the modest 5.4 per cent growth in savings deposits.
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Banks' credit growth to remain low as corporates using other funding sourc
Updated : 9 months, 2 weeks ago IST
Credit growth of banks in the country is likely to remain low as corporates continue to opt for alternative methods of funding in the current low-interest rate environment, according to a report by the State Bank of India (SBI).
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Indian banks need to improve deposit strategies with volatile interest rat
Updated : 10 months, 2 weeks ago IST
As Indian savers increasingly explore mutual funds, pensions, and direct investments, among others, banks will need to leverage data science to understand depositor behavior and tailor their products, a Boston Consulting Group (BCG) study suggest.
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Private banks increased market share in total deposits while PSBs loses 60
Updated : 11 months ago IST
Private banks in India have been steadily increasing their share in total bank deposits over the last five years, while public sector banks (PSBs) have witnessed a decline, according to data shared by Union Bank of India.
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Ministry of Finance addresses recent report on Swiss Bank Deposit
Updated : 11 months ago IST
The Ministry of Finance on Friday addressed recent media reports concerning an increase in money deposited by Indian entities in Swiss bank accounts, providing an update on India's ongoing efforts to combat offshore tax evasion through international exchange of information.
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Deposits by Indians in Swiss Banks fall nearly 18% over last 10 years: Swi
Updated : 11 months ago IST
Deposits of Indian customers in Swiss banks have declined by around 18 per cent over the past decade, according to the latest figures released by the Swiss National Bank (SNB).
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Bank deposits grew by 10% in FY25, growth decline from 13% recorded in FY2
Updated : 11 months, 3 weeks ago IST
The growth of bank deposits in India slowed down to 10.6 per cent year-on-year in the financial year ended March 2025 as compared to 13 per cent in the previous fiscal, according to new data released by the Reserve Bank of India (RBI).
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Regulatory easing to support India's credit growth expansion at 10.8% in F
Updated : 1 year, 1 month ago IST
Rating agency ICRA expects India's credit growth to expand at 10.8 per cent in the current financial year 2025-26.
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RBI supersedes New India Cooperative Bank board for 12 months
Updated : 1 year, 3 months ago IST
Reserve Bank of India superseded the Board of Directors of New India Cooperative Bank Ltd, Mumbai, for a period of 12 months, the central bank said in a statement Friday, a day after it imposed several restrictions on the lender.
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Households savings shift from bank FDs to mutual funds, insurance in last
Updated : 1 year, 5 months ago IST
The savings pattern of Indian households has been undergoing a significant shift over the past three years, with funds increasingly moving from traditional bank deposits to mutual funds and life insurance, according to an SBI report.
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