Depositors chase higher rates, prefer small-finance banks over big banks

Fincare Small Finance Bank has seen deposits grow nearly 50% as compared to March 2019 and 13% over December 2019. In actual terms, Fincare clocked deposits worth ₹4,606 crore at the end of March 2020. The figure was at ₹4,076 crore at the end of December and ₹2,043 crore at the end of March 2019. And 77% of its deposits are retail.

from Banking/Finance-Industry-Economic Times https://ift.tt/2RBv62y