Sans SBI, nationalized banks have seen two straight quarters of the lowest deposit growth ever. The monster under the bed is the rapid deceleration in deposit growth for these banks. Sans SBI, nationalized banks have seen two straight quarters of the lowest deposit growth ever. The prospects of any revival in deposit growth are bleak as several factors are stacked against these banks. Indeed, the deposit growth of private banks has never been better, at 20.3% in the quarter ended June.

Source: Mint September 08, 2016 07:30 UTC