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deposit growth News

Interest Rates Surge as Deposit Growth Falters: Banks Compete for Deposits

Michael Lee 16 Dec, 2024

Agribank hikes interest rates significantly, leading other banks to follow suit as deposit growth slows. The average deposit interest rate has risen by 0.5 percentage points, drive...

Business

Bank Credit Growth Drops to 11% Amid Economic Slowdown

James Carter 09 Dec, 2024

Bank credit growth has slowed to 11.1% as of November 15, 2024, compared to 20.6% last year. Even after adjusting for the HDFC-HDFC Bank merger, growth remains slower at 12.4% vers...