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


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