NEWS & ADVICE : FIXED DEPOSITS
Banks face dip in business, says RBI data
By Neelima Shankar
Nov 3, 2011
Print    Email    RSS   

The latest report released by regulator, Reserve Bank of India has shown a dip in the total business of banks in terms of both loans as well as deposits. For the fortnight ended on October 21, 2011, the total lending by banks showed a dip by Rs 3684 crore as compared to fortnights prior to this.

The total lending by banks in this fortnight has amounted to Rs 40,81,598 crore.

However, so far the annual credit growth of banks is ahead of RBI's target of 18% given for this fiscal. The loan growh of banks presently stands at 19.3%.

Deposits have seen a drop by Rs 5946 crore in the same fortnight thus standing at Rs 56,18,986 crore on October 21.

Although fixed deposit rates have been given a boost by banks, deposits happened to drop.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
The new avatar of savings account would...
Gold ETFs or Gold Funds: Which One Should...
Financial planning: a tool to retire...
Planning to invest in a bank FD? Think again
Infrastructure bonds: another tax saving...


MEXING: CaℒL Giℛℒ In Hoshiarpur 09855660911...
Sakeela.CaℒL Giℛℒs In Kharar 0985566O911...
NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...

NEWS THIS WEEK
Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive