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Budget News

  • RBI Data Shows Drop In Demand Deposits
  • October 24,2018  16:36
  • According to latest data from the RBI on the Scheduled Banks' Statement of Position, the Demand & Time deposits from banks dropped from Rs 1486.46 crore to Rs 1437.61 crore in fortnight ended 12th October 2018. Borrowings from banks went up from Rs 761.39 to Rs 788.37. Demand deposits fell from Rs 13095.95 crore to Rs 12087.97 crore. The value of commercial banks' investments in Central & State Govt securities jumped from Rs 34463.08 crore to Rs 34940.08 crore. Loans, cash credits & Overdrafts also rose from Rs 87544.90 crore to Rs 87699.14 crore.

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Disclaimer: Investment in securities and commodities market are subject to market risks, read all the related documents carefully before investing. SMC Global Securities Ltd. (CIN : U67120DL1997PLC188881): NSE INB/ INF/INE 230771431, BSE INB/INF 011343937, MSEI INB/INF 260771432, CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH 100001849 I SMC Global Securities Ltd.: NCDEX/MCX (8200)/ NMCE/ICEX-INZ000035839 I SMC Global Securities Ltd.: PMS INP000003435 I SMC Insurance Brokers Pvt. Ltd., IRDAI Regi: No: DB 272/04, License No. 289 Valid from 28-01-2020 to 27-01-2023 I Registered Office: 11/6B, Shanti Chamber, Pusa Road, New Delhi-110005, Tel.: (011) 30111000. For any complaints email – igc@smcindiaonline.com, website: www.smctradeonline.com

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