Bankers wielding megaphones tout for deposits on Indian streets

Rising loan demand from companies and consumers has pushed annual credit growth to a decade high of 17.95% as of October, compared to a five-year average of 9.7%, data provided by the Reserve Bank of India shows. However, the deposit collection has failed to keep pace and is still staying close to its five-year average of 9.4%, pushing bankers to look for ways to lure deposits.

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