When retail deposits are not growing enough, banks have increased their dependence on bulk or wholesale deposits to meet higher credit demand. For example, Bank of Baroda’s bulk deposits (including certificate of deposits) grew 18.6% on year, while retail term deposits grew merely 9.8% year-over-year, as of December 31. Similarly, for CSB Bank, the numbers have been going up for the last few quarters. Currently, in the December quarter, it was 47% compared to 37% a year ago, while the share of retail deposits reduced to 53% from 61% a year ago. Even Bank of India’s share inched up to 16% as on December-end from 13% a quarter ago, and the share of retail deposits reduced to 46.38% from 47.41% a quarter ago.