- CASA re low-cost deposits of banks accounted for 60.9% and 55.6 % incremental deposits during 2020-21 and 2021-22.
- The main reason behind it was interest rates on fixed deposits have risen and also RBI followed an ultra-loose monetary policy since the Covid-19 pandemic.
- Apart from that, Overall deposit growth moderated to 10.0% in March 2022, compared to 11.9% a year ago.
- Besides, it has also seen an increase in savings and term deposits by 10.9% 13.3%, and 7.9% respectively.
- It has also been observed that the household sector held the dominant share of 62.6% in total deposits followed by non-financial corporations, general government, etc.
- Female depositors accounted for 19.8% of total deposits in March 2022.
- Maharashtra, Delhi, Uttar Pradesh, Karnataka, Tamil Nadu, West Bengal, and Gujarat together accounted for 63.3% of bank deposits.
Question:
Q.1 As per recent RBI data, current and savings account deposits of commercial banks have increased to ________ as of March 2022.a. 32.1%
b. 44.8%
c. 54.3%
d. 65.3%
