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PMC Bank, Yes Bank Collapse Takes Big Toll On Deposits Of Private Lenders
Private sector banks garnered only 31.6% of the incremental deposits across the banking system in FY20.
03 Jun 2020, 08:30 AM IST
Private lenders garnered a much smaller share of incremental deposits raised by the banking sector in 2019-20, as the collapse of two non-government banks shook depositor confidence.Private banks garnered only 31.6% of the incremental deposits across the banking system in FY20, shows a BloombergQuint compilation of quarterly credit and deposit statistics released by the Reserve Bank of India. State-run banks garnered 54.2 % of the in...
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