Bank deposits losing sheen? Why more savers are moving to higher-yielding investment options

Indian banks are struggling as urban savers prefer higher-yielding investment options like mutual funds and direct stock ownership, eroding the banks' access to low-cost deposits. The rise of technology and familiarity with the stock market among rural savers intensify the struggle for deposits. The collective CASA ratio of commercial banks in India has declined to 40.5% in September 2023.

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