Reserve Bank of India (RBI) released its “Deposits with Scheduled Commercial Banks – March 2021 data” on September 23, 2021.As per RBI data, Bank deposits have increased by 11.9 per cent year-on-year during 2020-21 as compared to 8.8 per cent in 2019-20.
RBI Data on Bank deposits
Deposits increased in light of high growth in Current Account And Savings Account (CASA) deposits. Share of CASA deposits climbed up to 43.7 per cent in March 2021 against 41.7 per cent in 2020.
