NEWS & ADVICE : SAVINGS ACCOUNTS
Bad CD ratios of banks a cause of worry
By Vaibhav Aggarwal
Jan 9, 2014
Print    Email    RSS   

District Administration asked the public and private sector to pay attention to improve their cash deposit ratios. It has been reported that the poor CD ratio adversely affects the progress of the area. The worst is seen in the district Rampur where banks are not functioning well due to the poor CD ratio. This also impacts the scheme like kisan credit card.

According to the data the CD ratios noticed, of some of the major banking institutes were very disappointing. Some of them are Axis bank is 6.38%, IDBI Bank 11.52%, Andhra Bank 24.95%, State Bank of India 44.98%, UCO Bank 34.86%. It was also noticed that even after instructing, banks didn’t made any changes yet. But now the Administration has instructed banks to necessarily pay attention towards this and take the appropriate steps to improve it by the end of March 2014.


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

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
12 point conduct checklist for bank and...
Savings account portability: How...
PPF- How good an investment option!!
Credit profile and its effect on loan...
Carnival of Indian Personal Finance Blogs #3


31349121871 WHAT IS THE ACCOUNT HOLDER NAME WHAT BRANCH
To, Syndicate Bank I want my account statement my...
30717241649 which sbi branch's account number?
How to find the canara bank ifsc code?
Sir my name is ronie fuentes i want to change my old...
How can i change my account mobile number

NEWS THIS WEEK
HDFC bank adjudged as the Best private bank in India Feb 16, 2015
HDFC reported an increase of 20% in its net profit Feb 16, 2015
ICICI bank launched Flash remit facility Feb 13, 2015
BOM launched new savings deposit scheme for HNI customers Feb 12, 2015
BMB bank to have a total of 80 branches by the March end. Feb 10, 2015
News Archive