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Deposits rise by Rs 1 lakh cr in fortnight ended April 8
Banks’ deposit growth accelerated to 17 per cent year-on-year in the fortnight ended April 8, as depositors expected deposit rates to have peaked and felt there would be no further rate rise in the near term.
According to data provided by the Reserve Bank of India , banks’ deposit base grew by Rs 1.2 lakh crore in the fortnight ended April 8, 2011, the highest growth recorded in a fortnight
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