Incremental CD ratio moderates to 77.7%, lowest in nearly 30 months

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Meanwhile, the outstanding CD ratio has moderated to 79 per cent from 80.

The challenge of deposit mobilisation for banks has been intensified by the upward trend in equity markets, which has attracted more household savings than lenders.

This resulted in RBI directing banks to adopt innovative ways to attract more deposits so that the elevated CD ratio of the system comes down.

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Category: BusinessFinance

Markets: India

Topics: Incremental CD ratio CD ratio Banking sector Public sector undertaking banks Finance sector

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 20:18:26 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 519 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23398706

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Coverage Areas: India

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