NRI inflows to lift deposit growth to 15 pc in FY27: Report
By FY27, enhanced foreign currency inflows are projected to substantially elevate bank deposit growth, effectively bridging the gap with credit expansion. While traditional deposit markets have reached saturation, growth is now leaning towards rural demographics. Additionally, urban households are increasingly investing in market-linked savings instruments. Overall, banks are well-capitalized and poised for sustained credit growth.
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