bank deposits

Savers turn investors as bank deposits fall to 42% in 2024 from 53% in 2020: Uday Kotak

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Savers turn investors as bank deposits fall to 42% in 2024 from 53% in 2020: Uday Kotak

Savers have turned investors in 2024 as their exposure to bank deposits has fallen to 42% from 53% in 2020, Kotak Mahindra Bank Founder & Director Uday Kotak tweeted. Calling it a rebalancing of household financial assets, Kotak advised investors to change their mindset as the future called for a holistic approach to financial services. … Read more

Banks branch out as deposits hard to come by on apps

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Banks branch out as deposits hard to come by on apps

India’s determined digital drive, which linked its villages to the internet at breakneck speed, also prompted what now seems to be rather premature obituaries of branch banking. More banks, contrary to expectations, are busy building brick-and-mortar presence across the country for access to something that has defined banking since it began: Deposits. “Thanks to core … Read more