Reserve Bank of India (RBI) released the web publication ‘Deposits with Scheduled Commercial Banks for September 2024 today. Bank deposits growth (y-o-y) at 11.7 per cent in September 2024 remained close to that in the previous quarter. Deposits of all population groups (viz., rural/semi urban/urban/metropolitan) recorded double-digit annual growth; during Q2:2024-25, 66.5 per cent of the total incremental deposits contributed by the metropolitan branches, which have 54.7 per cent share in total deposits.
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