Bank deposits

Decline in bank deposits is also because of non-uniform tax treatment on various investment options: SBI

Mon, Aug 19, 2024

The latest State Bank of India (SBI) report highlights the need for tax reforms to address the decline in bank deposits. The report explains how varying tax treatments on different investment options lead to significant disparities in net returns, impacting deposit growth and banking stability. 

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Will banks be forced to sharply hike their deposit rates in coming months? Icra Ratings report says this

Thu, Jul 28, 2022

At 1.5 per cent of total deposits as of July 1, 2022, CDs are yet to touch the peak level of June 2011 when they were at 8.3 per cent of total deposits, the agency said

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Bank deposits rise 12 pc in FY21 on higher CASA growth: RBI data

Thu, Sep 23, 2021

The share of CASA deposits increased to 43.7 per cent in March 2021 compared to 41.7 per cent a year ago, according to the Reserve Bank of India (RBI's) Deposits with Scheduled Commercial Banks - March 2021 data released on Thursday.

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Indian banks' loans up 5.8% in two weeks to December 9: RBI

Sat, Dec 24, 2016

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Income tax exemption given only to registered political parties subject to certain conditions: CBDT

Sat, Dec 17, 2016

After the government announced that political parties depositing old notes post demonetisation will be exempted from income tax, the CBDT issued a clarification on Saturday stating that the exemption from income tax is given to only registered political parties subject to certain conditions which

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I-T department sends 3,000 notices for high bank deposits post notes ban

Sat, Dec 17, 2016

Income Tax department (I-T) has issued around 3,000 notices to assessees for unmatched deposits in bank accounts, while it has seized a total of Rs 393 crore in cash and jewellery over the past five weeks.

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Loan growth may take-off as India moves towards digital money

Wed, Dec 14, 2016

Rajat Gandhi said“We are positive that the recent boost to non-cash payments will increase digitisation in every area of financial services including lending. With proper awareness and regulations, the sector can see an exponential growth in coming years and reduce a lot of burden from the banking sector too.”

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Bank deposits soar but no sight for lending uptick

Mon, Dec 12, 2016

Nitin Aggarwal, Renish Patel analysts of Antique Stock Broking Limited said, " We expect credit growth to remain in single digit for FY17 (10% y-y growth in FY16) as capex cycle remains subdued while the demonetisation activity may further put pressure on industrial demand in the near term."

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How time has changed for RBI in deciding rate cut

Wed, Dec 07, 2016

Care said, "Based on the movements of these economic parameters, we expect a 25 bps rate cut in tomorrow’s RBI policy view and another 25 bps cut for the rest of the fiscal."

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Demonetisation: Deposits soar by Rs 5.44 lakh; withdrawals cross Rs 1 lakh crore

Mon, Nov 21, 2016

Public have withdrawn amount upto Rs 1.03 lakh crore from their accounts.

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Indian banks' loans up 10.4% in two weeks to Sept 30: RBI

Sat, Oct 15, 2016

Indian banks' loans rose 10.4% in the two weeks to September 30 from a year earlier, while deposits rose 11.3%, the Reserve Bank of India's (RBI) weekly statistical supplement showed on Friday.

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Indian households are saving again but not with banks

Mon, Sep 19, 2016

Even as Indian economic growth continues to be led by consumption, household savings have reached a five-year peak—the first significant pick-up in six years.

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Indian banks' loans up 9.6% year-on-year in two weeks to Aug 19: RBI

Fri, Sep 02, 2016

Indian banks' loans rose 9.6% in the two weeks to August 19 from a year earlier, while deposits rose 9.2%, the Reserve Bank of India's (RBI) weekly statistical supplement showed on Friday.

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