Growth in bank deposits falls to 55-year low in FY18
Bank deposit growth fell to a five-decade low in the financial year ended March 2018, according to data from the Reserve Bank of India (RBI). The data showed that aggregate deposits in the banking system grew a mere 6.7% in 2017-18, the lowest since fiscal 1963. A total deposit of â¹114 lakh crore was reported in the last fiscal.