Central bank concerned about sluggish deposit growth.

By bne IntelliNews July 10, 2012
The Indian central bank has expressed concern over the sluggish deposit growth during a meeting with the bankers. As reported by Alok Misra, chairman of the Indian Banks Association, stated that the deposits at the country's banks increased 14.3% as on June 15 this year, as compared to the growth of 18.3% registered during the same period a year earlier. The central bank forecasts the deposit growth at 16% for banks this fiscal year.
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