deposit mobilisation

FM Sitharaman to take inventory of PSBs’ deposit mobilisation, cybersecurity levers on Aug 19

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Finance Minister (FM) Nirmala Sitharaman’s August 19 assembly with heads of public sector banks (PSBs) will focus majorly on the varied steps that lenders have taken to mobilise deposits, whereas additionally specializing in the cybersecurity measures adopted to stop frauds, two senior officers informed businessline. “The FM will evaluate the credit-deposit (CD) ratios of PSBs, … Read more

Room for deposit fee hikes given sustained credit-deposit hole, stress on NIMs: RBI

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Transmission of coverage fee modifications in nonetheless being seen in lending and deposit charges and banks are anticipated to hike deposit charges additional given the sustained hole in credit score and deposit development and the impression excessive price deposit mobilisation on banks’ margins. Additionally learn:RBI to roll out money deposit facility by UPI “In case … Read more