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India Bank Deposits Reach Record $2.99 Trillion in September

Central bank data showed deposits at about 284 trillion rupees in the second half of September. Deposits rose by 21.67 trillion rupees in the first six months of the financial year, with most of the increase linked to a dollar-deposits scheme.

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10:54:19 AM UTC
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Indian bank deposits hit record $3 trillion in September, boosted by dollar deposits scheme

By Dharamraj DhutiaIndia's banking system deposits hit a record high of around 284 trillion rupees ($2.99 trillion) in the second half of September, central bank data showed on Thursday.Deposits rose by 21.67 trillion rupees in the first six months of the financial year, with most of the increase s…