Market correction will get deposits back to banks: SBI

Thursday, 29 August 2024
SBI Managing Director Ashwini Tewari foresees a correction in equity markets aiding banks in regaining deposits. He notes that SBI is emphasizing small-ticket Jan Dhan Yojana accounts to bolster deposit growth. The rally in capital markets has resulted in a shift of funds away from banks to higher-yielding alternatives, affecting deposit growth.

👓 View full article

0 shares	Share Tweet Save Post Send

Discouraging retail play in F&O may help boost bank deposits: SBI Chairman Khara

SBI's Chairman Dinesh Kumar Khara stated that discouraging retail investors from derivative market bets might help banks secure more deposits. Regulatory...
IndiaTimes on August 4, 2024

Market correction will get deposits back to banks: SBI

You Might Like

Related news from verified sources

Discouraging retail play in F&O may help boost bank deposits: SBI Chairman Khara