In the First, Bank deposits cross Rs 100 lakh crore


Posted on:17 Oct 2016 09:40:11

In the First, Bank deposits cross Rs 100 lakh crore
17 October 2016 Current Affairs: According to the data released by the RBI ,India’ banking system reported total deposits of Rs 100 lakh crore for the first time ever in September month of this year. 

With demand deposits crossing Rs10 lakh crore and time deposits crossing the Rs 90 lakh crore mark, the month saw the highest-ever monthly rise of Rs 5.32 lakh crore  more than the total deposits in the banking sector 20 years back. 

Banks’ deposits grew at a CAGR (compound annual growth rate) of 12.88% in the last five years, they had grown at a CAGR of 19.9% in the previous five years.


Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs June 2017

23 JUNE
NEWS
22 JUNE
NEWS
21 JUNE
NEWS
20 JUNE
NEWS

Current Affairs May 2017

31 MAY
NEWS
30 MAY
NEWS
29 MAY
NEWS
27 MAY
NEWS

Current Affairs April 2017

29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS
26 APRIL
NEWS