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Term deposits continue to lead over savings deposits: RBI data

Term deposits remained dominant across metropolitan, urban and semi-urban population groups followed by savings deposits

June 06, 2013 12:27 IST | India Infoline News Service
Current, savings and term deposits accounted for 10.8%, 25.5% and 63.6%, respectively in the total deposits in March 2012, according to the Reserve Bank of India (RBI) data.

The RBI on Wednesday released the data relating to composition and ownership pattern of deposits with scheduled commercial banks as on March 31, 2012. The major highlights of the data are as follows:

‘Household’ sector with 58.1% share in total deposits was the largest contributor in total deposits in March 2012 followed by government and private corporate sector each contributing 14.6%.

Term deposits remained dominant across metropolitan, urban and semi-urban population groups followed by savings deposits. In respect of deposits raised by rural branches, savings deposits constituted the largest share, closely followed by term deposits.

Bank group wise, public sector banks comprised the largest share (74.6%) in total deposits in March 2012 followed by private sector banks (18.2%).

An article analysing broad trends across type of deposit accounts, institutional sectors, population groups and bank groups over the period is being published in the June 2013 issue of the RBI Bulletin.

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