Since the last four MPCs, the RBI has not altered the repo rate. But loan interest rates continue to be the highest they have ever been. People are paying more attention to FD than investing money in savings accounts as a result of rising interest rates. According to the survey data made public by the trade association FICCI and the Indian Banks Association (IBA), the amount of money deposited in current and savings accounts has fallen as a result of the rise in FDs. Let us inform you that the funds put in current and savings accounts are the least expensive of the funds the bank has collected. Bank margins improve when more money is placed in these accounts.
RBI – FD ratio went up
The 17th round of the FICCI-IBA poll states that “people are more interested in FDs due to the high-interest rates.” More than half (57%) of the participating banks in the survey reported a reduction in the proportion of current and savings account deposits to total deposits. Conversely, FD has increased.
NPAs recorded a reduction
According to the poll, 75% of banks reported a decline in their NPAs during the past six months, compared to 90% of institutions who stated the same during the preceding period. 90 percent of public sector banks reportedly mentioned a decline in NPA. A drop in NPA has been reported by 80 percent of private sector banks concurrently. According to the poll, around 54% of banks believe that the gross NPA will decrease to a level of 3–4% in the following six months.
Indications of growth in long-term loans
The survey also showed that the flow of loans to the infrastructure sector has increased. In the study, 67 percent of respondents indicated an increase in long-term loans, compared to 57 percent in the previous round. The poll indicates that during the next six months, debt may rise in the non-food industry sector. 42 percent of those polled predict that loans to non-food businesses will increase by more than 12 percent. whereas 36% of respondents in the previous round had suggested this idea.
Read more: Khushi Kapoor gave a killer pose while wearing a same color outfit to Anshula Kapoor
| |
  Facebook Page |          Click Here |
|  Twitter       |           Click Here |
| Â Instagram | Â Â Â Â Â Â Â Â Â Click Here |
