Search For "bank deposits"
Budget 2026 should announce tax relief on bank deposits, insurance and pen
Updated : 1 month, 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 : 3 months, 2 weeks 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 : 5 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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Indian banks need to improve deposit strategies with volatile interest rat
Updated : 8 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 : 9 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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Deposits by Indians in Swiss Banks fall nearly 18% over last 10 years: Swi
Updated : 9 months, 1 week 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 : 9 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 : 11 months, 3 weeks 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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Households savings shift from bank FDs to mutual funds, insurance in last
Updated : 1 year, 3 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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ED attaches assets of YouTuber Elvish Yadav, others in money laundering ca
Updated : 1 year, 6 months ago IST
"ED, Lucknow has provisionally attached properties comprising agricultural land at Bijnor (Uttar Pradesh) and bank deposits worth Rs 52.49 lakh belonging to Rahul Yadav alias Fazilpuria, Elvish Yadav and M/s Sky Digital India Pvt. Ltd. under the provisions of PMLA, 2002 in the "wildlife case
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Transition from a nation of savers to investors marks a paradigm shift: PF
Updated : 1 year, 6 months ago IST
Deepak Mohanty, Chairperson, Pension Fund Regulatory and Development Authority (PFRDA) on Tuesday said that the share of cash and bank deposits in household financial assets is declining, while investments in bonds and equities are rising in the recent years, alongside a steady increase in f
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Sitharaman asks public sector banks to work on deposit mobilisation
Updated : 1 year, 7 months ago IST
During deliberations on the deposit mobilisation, the Union Finance Minister stated that while the credit growth has picked up, mobilisation of deposits could further be improved to fund the credit growth sustainably
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