18-August-2026
Banking
 
Banks clock highest deposit growth since Dec 2016: CareEdge
18-Aug-2026

The growth in bank deposits accelerated to 15.4% year-on-year as of July 31, the fastest pace since December 2016, as strong mobilisation of foreign currency non-resident (bank) {FCNR(B)} deposits under the Reserve Bank of India’s special swap facility boosted the liability accretion, CareEdge Ratings said in a report.

News Source:- https://www.financialexpress.com/business/banking-finance-banks-clock-highest-deposit-growth-since-dec-2016-careedge-4319774/