The shaken customer confidence in fast-growing private sector banks has led to a flight to safety and a surge in customer deposits and corporate relationships for the bigger and more stable banks, such as SBI, ICICI, Axis and HDFC Bank a study by Greenwich Associates in associatio with Crisil said.
source https://economictimes.indiatimes.com/industry/banking/finance/banking/small-banks-lose-customers-in-a-post-covid-flight-to-safety/articleshow/76404558.cms
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