Thursday, July 4, 2024

BANKING

A day after the Reserve Bank of India (RBI) urged banks to bridge the gap between deposit and credit growth, two public sector banks, Bank of Maharashtra and Uco Bank, reported subdued deposit mobilisation. Both banks reported sub-10% deposit growth, while advances grew at high teen percentages year-on-year at the end of the first quarter, June 30.

from Banking/Finance-Industry-Economic Times https://ift.tt/TFn59XG
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