FE Editorial : SBI’s gambit
The Financial Express: Dec 24 2012, 01:58 IST
grew at just 12.76% yoy, a nine-year low to R64.43 lakh crore. And so far in fiscal 2012-13, they’ve gone up by just over 9%. While households have simply switched to more lucrative assets like gold, companies no longer leave money lying around in their current accounts when their cash flows are crimped. So, while the amount lying in short-term MF schemes might seem small in the context of the system’s total deposits of R64 lakh crore, it would come in handy. Already, the loan-deposit ratio has been trending up—to just under 76% currently compared with 74% a year ago. Should the economy turn and demand for loans go up, banks might fall short of deposits.
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