With the Reserve Bank of India (RBI) mandating banks to maintain an incremental CRR of 110% of net demand and time liabilities NDTL, and the resulting squeeze on liquidity, CD issues once again increased. Moreover, deposit growth at 13.2 percent is still lagging the credit growth, which was 14.2 percent as of end August. Deposits rose at a rapid space only when the Rs 2,000 notes were recalled. But they started slowing again after the majority of such notes was returned to banks.
from Banking/Finance-Industry-Economic Times https://ift.tt/SfpntLx
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