BANKING

Deposits grew 27% to Rs 69315 crore. The bank reduced its peak deposit rates by 25 basis points across savings and retail term deposits. "The bank had an liquidity coverage ratio of 151% as on March 31, 2023, and thus the focus in Q1’FY24 was to consume this excess liquidity instead of growing high-cost deposits," the bank said in a regulatory filing to stock exchanges.

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