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Demonetisation: SBI saving accounts swell by Rs 1 lakh crore

Demonetisation: SBI saving accounts swell by Rs 1 lakh crore

The country`s largest public sector lender State Bank of India on Monday said its saving accounts have swelled up by Rs 1 lakh crore after demonetisation.

 

SBI witnesses 60% rise in deposits as savers seek safe haven

State Bank of India has notched up nearly 60 percent uptick in deposits so far this fiscal, partly due to the flight of savings from ponzi and bogus schemes, many of which went belly up in recent months, its Chairman Pratip Chaudhuri has said.