Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Economic Times
The Economic Times
Business

Bank deposits hit record $3 trillion in September, boosted by dollar deposits scheme

MUMBAI: India'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 seen between June and August, when the central bank's discounted swap window to attract dollar inflows was in place.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.