Bank loan: To accelerate the debt business, domestic banks will need to raise more than Rs 20 lakh crore in deposit accounts by March 2020. For this, they may have to offer higher interest to the depositors. Domestic rating agency Crisil said in a report that the private sector strong banks will hold up to 60 percent of the stake in collecting deposits.
The accumulated growth rate has decreased over the last few years, due to the lower interest rate on maturity deposits compared to other investment options. The bank has been receiving an average of 7 lakh crore rupees annually for the last few years. The agency said that the additional deposit requirements would increase the pressure on banks to provide higher interest rates on deposits. Fluctuations in stock markets, other investment options can slow down the flow and, in recent times, the deposit of bank deposits can come back as a deposit with the domestic financial savings bank.(Bank loan)
CRISIL director Rama Patel said that in the last few months the deposit rates have increased from 0.40 to 0.60% on average. This will increase the cost of the fund. As seen in the past, banks will rely on investment in government securities for additional investment in addition to the statutory liquidity ratio to speed up the debt demand. But together with your deposit also needs to be increased.
According to the agency, debt is likely to increase by 13 to 14 percent in the financial year 2018-19 and 2019-20. That was 8 percent in 2017-18. As a result, the deposit is estimated to increase at a rate of 10 percent, which was 6 percent in 2017-18. However, despite this increase, it will be significantly below the historical level of 25 percent of 2006-07.
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