Since FY22, banking sector deposits have grown by ₹61 trillion, surpassing credit growth of ₹59 trillion.
The idea that deposit growth is slowing down is not true according to the data.
CASA (Current Account Savings Account) deposits may shift due to UPI transactions across different banks.
Reserve Money trends, potential leakages, and regulatory factors might be impacting faster deposit growth.
A fair tax treatment on interest from deposits is crucial, according to the report.
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