deposits

Share of time period deposits in Banks’ complete deposits up at 60.3% in Dec 2023: RBI

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The share of time period deposits in scheduled industrial banks (SCBs) complete deposits elevated to 60.3 per cent in December 2023 from 57.2 per cent in March 2023, in response to RBI’s quarterly knowledge. Additionally learn: RBI on ₹2000 withdrawal: Whole worth of banknotes in circulation declined to ₹8,470 crore by Feb-end Rising return on … Read more

Banks earnings to average in Q3 on weaker margins, rise in opex

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  Earnings of banks are seen moderating to 15-18 per cent in Q3 of the present monetary 12 months on the again of weaker margins and decrease pre-provisioning working earnings because of elevated working expenditures, worker wage prices, and price of funds. “We count on banks to report muted working revenue development in Q3FY24, on … Read more