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SIP stoppages at record high in May

SBI, other public sector banks suggest steps to boost deposits

Banks deposit growth in FY24 was well below the rise in credit, forcing them to meet the funding gap through higher-cost Certificates of Deposit (CDs). Banks have made representations to senior government officials flagging the slowdown in deposits.

SBI, Other PSBs Suggest Steps to Boost Deposits

State Bank of India and other public sector lenders are urging the government to allow them to offer incentives to bolster deposits, which have slumped hitting credit flows.

N.S. Venkatesh to Spearhead Athachi Finserv

Local stimulus: Domestic liquidity is fuelling the rally in the markets