Term deposits outpace CASA growth in September

economictimes.indiatimes.com:

«A substantial amount of deposits have shifted to higher interest rate bucket during the latest monetary policy tightening cycle; term deposits bearing over 7 per cent interest rate has increased to 68.8 per cent from 54.7 per cent a year ago,» it said.
As per the BSR, bank deposits growth (y-o-y) at 11.7 per cent in September 2024 remained close to that in the previous quarter.

Deposits of all population groups (rural/semi-urban/urban/metropolitan) recorded double-digit annual growth.
During Q2:2024-25, 66.5 per cent of the total incremental deposits were contributed by the metropolitan branches, which have 54.7 per cent share in total deposits.

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