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As investment avenues shrink during covid-19, bank deposits shine

city Mumbai covid-19 experts Government crisis
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MUMBAI: As the covid-19 crisis roils markets, people seem to be relying on banks as a safe avenue to park their funds. While deposit rates have been declining due to abundant liquidity, they still seem attractive given the volatility in equity and debt markets.

This, experts said, could be a sign of customers coming around to trust banks as the memory of the Yes Bank crisis fades. According to a Care Ratings note dated 25 April, following the covid-19 pandemic and the subsequent extended shutdown, many investors have shifted to bank deposits instead of investing in debt mutual funds (MFs) as this market is currently quite volatile.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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