Wednesday, December 30, 2020

Deposits of public sector banks surge amid pandemic stress

Term deposits – contributing almost 60% of total deposits – moderated, reflecting the easing of interest rates and the lure of returns on competing asset classes. Term deposit growth of private banks decelerated sharply even as it quadrupled in public sector banks, Reserve Bank of India said.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2WWV9Uo

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