High returns on bank deposits may keep interest rate in check
TNN / Apr 11, 2019, 10:27 (IST)
The battle for deposits comes at a time when advances have outstripped deposit growth. Banks have added Rs 12.06 lakh crore to their outstanding advances as on March 13, 2019 — a 14% year-on-year increase. As compared to this, aggregate deposits have increased by Rs 11.14 lakh crore — a growth of 10%.