Bank deposit rates: Indian banks reported a brief surge in deposit growth over credit offtake as of mid-July 2024. Despite this, banks are facing a growing challenge as urban savers increasingly opt for higher-yield investments like mutual funds and stocks. HDFC Bank's Managing Director highlighted this trend, expressing concerns over the stability and growth prospects of bank deposits.
from Banking/Finance-Industry-Economic Times https://ift.tt/nmzrYyL
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