MUMBAI : The Yes Bank crisis, which precipitated large-scale withdrawal of deposits from smaller private sector banks, appears to have benefitted their larger peers, many of which are seeing a rapid rise in deposits.
According to information disclosed to stock exchanges, total deposits at HDFC Bank and Kotak Mahindra Bank grew 7.4% and 11.7% respectively between December and March from the previous quarter, while smaller banks like RBL Bank and IndusInd Bank saw declines of about 8% and 6.6% in the same period.
However, on the current and savings account (CASA) ratio front, along with HDFC Bank and Kotak Mahindra Bank, RBL Bank also witnessed a sequential growth.
Read more on livemint.com