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Banks tap business, rework plan to raise low-cost deposits
Credit: IndiaTimes- Published on October 25, 2023
The Centre's "just-in-time" mechanism for releasing funds to government agencies has led to banks losing out on low-cost current and savings account float. Public sector banks, such as State Bank of India, are now focusing on raising more current account deposits from trade and industry to make up for the gap. The shift to this...
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