Page 2 - Bank Deposits
TMS Ep304: Slow deposit growth, Tech layoffs, S Naren, Twitter's blue tick
Why's RBI governor worried about deposit growth? Where did big tech and startups go wrong on hiring? What's worrying S Naren when it comes to equity markets? What is Twitter's blue tick? Answers here
 "TMS Ep304: Slow deposit growth, Tech layoffs, S Naren, Twitter's blue tick")
Share of low-cost deposits falls as FD rates rise, banks' NIM may take hit
With RBI on monetary tightening path, liquidity has shrunk and interest rates have hardened, forcing banks to hike rates on term deposits in order to get funds for credit growth
 "Share of low-cost deposits falls as FD rates rise, banks' NIM may take hit")
Bandhan Bank offers 7.5% interest rate on retail FDs for limited period
Rate applicable to both fresh deposits and renewals of up to Rs 2 crore for a tenure of 600 days, seniors to get 0.5% more
 "Bandhan Bank offers 7.5% interest rate on retail FDs for limited period")
Banks' reliance on deposits increases amid strong credit growth
Banks have raised over 3.51 trillion Indian rupees($42.41 billion) through certificate of deposits (CDs)in April-October, 22% higher than the 2.87 trillion rupees raised in 2021-2022
 "Banks' reliance on deposits increases amid strong credit growth")
Deposit rates may rise 105 bps due to 190 bps repo rate hike: SBI report
CASA occupies a 45% share in overall bank deposits; it is FDs, which make the remaining 55%, which will need the rate adjustment
 "Deposit rates may rise 105 bps due to 190 bps repo rate hike: SBI report")
The battle for deposits will intensify
The challenge before the banking system is how to keep the net interest margin healthy in a rising interest rate cycle
Flows into NRIs deposits moderate to $1.43 billion in Apr-Aug period
Outstanding NRI deposits declined to $134.68 billion at the end of August 2022 from $141.52 billion a year ago
 "Flows into NRIs deposits moderate to $1.43 billion in Apr-Aug period")
Private banks show healthy loan, deposit growth in Q2, Casa share dips QoQ
According to RBI data, bank credit grew at 16.2% YoY as on September 9, while deposits were up by 9.5%
 "Private banks show healthy loan, deposit growth in Q2, Casa share dips QoQ")
Banks increase interest rates on bulk deposits as liquidity tightens
Loan, deposit growth gap at 10-year high
 "Banks increase interest rates on bulk deposits as liquidity tightens")
Mutual funds' share in household savings jump 150% in FY22: RBI data
Retail investments in MF rise as flows into bank deposits drop
 "Mutual funds' share in household savings jump 150% in FY22: RBI data")
Amid rising credit demand, SBI looks for a revamp to increase deposits
The State Bank of India is planning to revamp its current and savings accounts, salary accounts, and transaction banking businesses
 "Amid rising credit demand, SBI looks for a revamp to increase deposits")
ICICI, Axis, IDFC First Bank hike deposits rate for above Rs 2 crore
Hike rates after credit growth expands 15.3%
 "ICICI, Axis, IDFC First Bank hike deposits rate for above Rs 2 crore")
Bank credit up by 15.32%; deposits by 8.84% in fortnight ended Aug 12: RBI
Bank credit grew by 15.32 per cent to Rs 124.305 lakh crore and deposits by 8.84 per cent to Rs 169.49 lakh crore in the fortnight ended August 12, the RBI data showed. In the fortnight ended August 13, 2021, bank advances stood at Rs 107.79 lakh crore and deposits at Rs 155.72 lakh crore, according to the Reserve Bank of India's (RBI) Scheduled Banks' Statement of Position in India as on August 12 released on Friday. In the previous fortnight ended July 29, bank credit grew by 14.52 per cent and deposits by 9.14 per cent. In FY 2021-22, bank credit rose by 8.59 per cent and deposit by 8.94 per cent.
 "Bank credit up by 15.32%; deposits by 8.84% in fortnight ended Aug 12: RBI")
TMS Ep240: Bank deposit rates, chip shortage, FD rates, Electricity Bill
Good times ahead for FD investors? Will China-Taiwan tension worsen India's chip shortage? Will higher FD rates lure equity investors? What is Electricity (Amendment) Bill 2022? All answers here
 "TMS Ep240: Bank deposit rates, chip shortage, FD rates, Electricity Bill")
As banks woo them, are depositors looking at good days ahead?
Banks are rushing to woo depositors with attractive rates. These deposit rates may soar further if repo rate rise to 5.75 - 6% by the end of this calendar year. So, what is in the store for investors?
 "As banks woo them, are depositors looking at good days ahead?")
From SBI to BoB, banks rush to woo depositors ahead of festival season
SBI, Bank of Baroda, Canara Bank lift rates to 6% and above
 "From SBI to BoB, banks rush to woo depositors ahead of festival season")
Bank credit grows 14.5% YoY as on July 29, deposits grow 9.1%: RBI data
Bank credit rose 14.52% to Rs 123.69 trn and deposits increased 9.14% to Rs 169.72 trn in the fortnight ended July 29, according to RBI data
 "Bank credit grows 14.5% YoY as on July 29, deposits grow 9.1%: RBI data")
ED freezes over Rs 64-crore bank deposits of crypto exchange WazirX
The federal agency said it conducted raids against a director of Zanmai Lab Pvt Ltd, which owns WazirX, on August 3 in Hyderabad and alleged he was "non-cooperative".
 "ED freezes over Rs 64-crore bank deposits of crypto exchange WazirX")
Ahead of festive season, lenders have a new worry of sub-9% deposit growth
Credit to industry has also expanded 9.5 per cent during this period
 "Ahead of festive season, lenders have a new worry of sub-9% deposit growth")
RBI launches public awareness drive as unclaimed deposits increase
RBI is now encouraging people who have not claimed their deposits to reach out to the respective banks for such deposits
 "RBI launches public awareness drive as unclaimed deposits increase")
