{"id":1072,"date":"2024-11-02T17:15:24","date_gmt":"2024-11-02T17:15:24","guid":{"rendered":"https:\/\/english.bankingkhabar.com\/?p=1072"},"modified":"2024-11-02T17:16:27","modified_gmt":"2024-11-02T17:16:27","slug":"rbi-asks-banks-to-intboduce-new-products-and-services-to-attract-deposits","status":"publish","type":"post","link":"https:\/\/english.bankingkhabar.com\/?p=1072","title":{"rendered":"RBI asks banks to intboduce new products and services to attract deposits."},"content":{"rendered":"

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Banks have to be proactive in dealing with liquidity management because the persistent gap between credit and deposit growth could become a challenge, leading to structural liquidity issues, Reserve Bank of India Governor Shaktikanta Das exclusive interview.<\/p>\n

Das asked banks to maintain a balance between credit and deposit growth. What is positive, is that banks are raising funds through infrastructure bonds these days at attractive rates, he said. A lot of banks are lining up infrastructure bonds to support their balance sheets, he said. Banks and financial institutions raise funds through infrastructure bonds to finance their long-term infrastructur projects. These bonds have a minimum maturity of seven years and are eligible for some regulatory exemptions.<\/p>\n

Banks should also carefully monitor the change in investment strategies of young aspirational Indians, Das said. As of now, the shift from deposits to other investment avenues is not an issue, but in the future, it can lead to a structural liquidity issue. There has been an increase in credit disbursement due to a rise in digital banking but garnering deposits has remained a challenge.<\/p>\n

“Households and consumers who traditionally leaned on banks for parking or investing their savings are increasingly turning to capital markets and other financial intermediaries,” he said in his speech about current issues in the Indian banking and financial sector. While bank deposits remain a dominant percentage of financial assets owned by households, their share has been declining, with house.<\/p>\n

Last month, Securities and Exchange Board of India Chief Madhabi Puri Buch also issued an investor safety warning after there was a surge in futures and options volumes.<\/p>\n","protected":false},"excerpt":{"rendered":"

Banks have to be proactive in dealing with liquidity management because the persistent gap between credit and deposit growth could become a challenge, leading to structural liquidity issues, Reserve Bank of India Governor Shaktikanta Das exclusive interview. Das asked banks to maintain a balance between credit and deposit growth. What is positive, is that banks […]<\/p>\n","protected":false},"author":1,"featured_media":1073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-1072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-special"],"yoast_head":"\nRBI asks banks to intboduce new products and services to attract deposits. - Bankingkhabar<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/english.bankingkhabar.com\/?p=1072\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBI asks banks to intboduce new products and services to attract deposits. - Bankingkhabar\" \/>\n<meta property=\"og:description\" content=\"Banks have to be proactive in dealing with liquidity management because the persistent gap between credit and deposit growth could become a challenge, leading to structural liquidity issues, Reserve Bank of India Governor Shaktikanta Das exclusive interview. 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