RBI data show that Indians are rushing to withdraw cash as demonetisation pain eases

HDFC Bank in one of its report said, “With the surge in deposits growth from 9.8% in 1H-FY17 to around 13% in 2H-FY17, commercial banks in India are at the moment flush with liquidity. After a spurt in deposits post-demonetisation, there is now a trend-reversal underway.”

RBI data show that Indians are rushing to
RBI, aggregated deposits among all scheduled commercial banks rose by 16.4% during October – December 2016 period. Photo: Reuters

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