Indian banks are staring at worrisome savings and investment trends

[ad_1] As on 28 June, bank deposits had grown 11.1% year-on-year, as against credit growth of 17.4%. While acknowledging changes in Indian saving patterns, he exhorted banks to step up efforts to mobilize deposits.  Similarly, finance minister Nirmala Sitharaman, while laying out figures for small savings mobilization in Parliament, highlighted the country’s declining rate of…

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