Data from the Reserve Bank of India (RBI) showed that the investments to deposits ratio is now closer to 29% compared with a recent peak of 30% recorded in August indicating that banks have started shifting their deposits to higher yielding loans as credit demand picks up.
source https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-prefer-to-give-loans-now-than-buy-bonds/articleshow/95612639.cms
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