Close
x
  • SMC open account icon Open an A/C
    • Open an A/C
    • CHOOSE YOUR OPTION(S)
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

Budget News

  • Bank Deposits Grow By 11.90% In FY21 Says RBI
  • September 24,2021  11:23
  • The Reserve Bank Of India (RBI) stated in a latest update that bank deposits grew (y-o-y) by 11.9% during the 2020-21 (8.8% in the previous year) on the back of high growth in current account and savings account (CASA) deposits; the share of CASA deposits increased to 43.7% in March 2021 (41.7% a year ago). Among institutional categories, the household sector held 64.1% share in total deposits; individuals {including Hindu Undivided Families (HUFs)}, were the major constituent of the household sector and contributed 55.8% in aggregate deposits.

    Bank deposits of non-financial corporations surged by 18.8% during 2020-21 and their share in total deposits increased to 16.2% in March-2021. Metropolitan branches of banks, which account for over half of total deposits, accounted for 59.6% of incremental deposits during 2020-21 (43.2% last year). Three major states (Maharashtra, UP and Karnataka) held one-third of total household sectors’ outstanding deposits and over 40% of its incremental deposits during 2020-21. Share of private sector banks in total bank deposits continued to rise at the cost of public sector banks and stood at 30.5% (29.5% a year ago), accounting for about half of the deposits of financial and non-financial corporations as well as rest of the world sectors.

    With the downward shift in the interest rates on term deposits, the share of term deposits carrying less than 6% interest rate surged to 69% in March 2021 from 21.3% a year ago; the interest rate bracket ‘5 to less than 6% had highest concentration (36.8%) of total term deposits. Majority of term deposits were originally contracted for ‘one year to less than three years’ maturity. The share of short-term deposits (original maturity of less than one-year) rose to 32.8% (25.4% a year ago); in terms of residual maturity, 75.7% of the term deposits were due for maturity within one year.

    Powered by Capital Market - Live News

Economy News
Global News

Follow us:

  • fb icon
  • Twitter icon
  • Linkedin
  • you tube

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

The Stock Exchange, Mumbai is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-laws of the Stock Exchange, Mumbai, SEBI Act or any other laws in force from time to time.

The Stock Exchange, Mumbai is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us.
By submitting your details to SMC, you are authorizing us to send promotional communication through Call/Email/SMS/Whatsapp even though you may be registered under DND.

Insurance is the subject matter of solicitation • All insurance products sold through SMC Insurance Brokers Pvt. Ltd. • Investment Banking Services provided by SMC Capitals Ltd. • Equity PMS and Wealth management services provided by SMC Global Securities Ltd. • IPOs and Mutual Funds distribution services are provided by SMC Global Securities Ltd. • Financing Services provided by Moneywise Financial Services Pvt Ltd. • Commodity broking services provided by SMC Global Securities Ltd. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.

OUR OTHER WEBSITES Go
IMPORTANT LINKS Go
QUICK LINKS
Go

Toll-free : 1800-11-0909
Email: contact@smctradeonline.com

Sitemap
Plus Minus 
Copyright ©2016 SMC. All Rights Reserved | Disclaimer | Privacy Policy | RMS Policy | Copyright| Testimonials| Sitemap| Grievance| design agency: triverse| Powered by C-MOTS Infotech (ISO 9001:2015 certified)

Open my trading account now!  X 

* All fields are compulsory