NEWS & ADVICE : FIXED DEPOSITS
Savings bank deposits see worthy rise in RRBs
By Neelima Shankar
Nov 15, 2011
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Regional rural banks (RRBs) have seen a major increase in savings bank deposits in comparison to term deposits in the last fiscal. According to data reported by the 'Report on Trend and Progress of Banking in India 2010-11', it has been seen that savings bank deposits in all the RRBs have taken a big rise as compared to term deposits.

SB deposits have seen a rise by around Rs 15000 crore while term deposits have, on the contrary, risen by around Rs 4800 crore in 2010-11.

The share of CASA deposits accounted to nearly 60% of the total deposits of the bank.

There has also been a rise in credit deposit ratios of the RRBs to 59.69% in the last fiscal.


 


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