Axis Bank’s 95% profit growth is lacklustre
The private lender’s profit fell 9% over the previous quarter. Its provisions grew by 40.7% and 14.3% on quarterly and annual basis, respectively.
deposit growth
July 2019
March 2019
February 2019
Competition for deposits to intensify in banking
Credit growth outpaces deposit growth—an indication of rising competition, says Ind-Ra; five PSBs exiting RBI’s Prompt Corrective Action framework will add fuel to it as they will look for growth
‘Banks need ₹20 lakh cr in fresh deposits to meet credit demand’
A report by CRISIL says an uptick in credit demand in FY19-FY20 will require banks to raise funds through fresh deposits.
