Why are Indian Banks battling the worst deposit crunch in 20 years? | Economy | UPSC
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In this video, we explore the reasons behind the severe deposit crunch Indian banks are currently facing, the worst in two decades. We analyze the economic factors contributing to this crisis, its impact on the banking sector, and the broader implications for the Indian economy. This discussion is crucial for UPSC aspirants aiming to understand the complexities of the financial system and economic stability in India.
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UBI 7.40% 333days NC
7.90% 333days SC
8.15% 333days SSC
Nirmal sitaram effect 😂
RBI GOVERNER BE LIKE : yeh sub aunti ka kam he aur lagao tax
1 solution make FD free from income tax slab...
Very well said. It exists in countries like Singapore. Indian govt should do that too
Yah True 💪🏻👍🏻
🤣🤣 Dusri country main healthcare b free hai if u r expecting any benefit from this goverment then keep dreaming
I agree With This Solution. It's Only Way Or Else Increase Savings Deposit Interest rate To (5-6)%
Govt planning to make mutual fund less lucrative by bringing under 30% slab but it won't help.
1)Inflation itna hai , logo ki saving nhi
2)FD rates are very low , individual attracted towards Share market
Bhai inflation ki pure world me lagi padi hai..uske comparison me India kafi kam hai. Your point 2 is valid. Also people are investing in shares and mutual funds instead of FDs due to high returns
Inflation is not that 4.5% still in band next yr 4% ya 3% hai to kafi control mey hai. Most probably Stock mkt girney do sare so called investors gayab hojayengey.
@@thegamer-xd6uw nahi major countries m inflation hamare desh se kam h,china me to sirf 1% se bas thoda hi jyada h inflation.
@@HistoryDecodeTo get China like perks voice for 1 party rule. Democary is destructive for our nation
Fd ka rate bahut hi kam hai....plot min lagao to jada acha hoga...bank min fd kita to sat se tax interest pe as per tax braket
Bank: Deposit karwado sir
Consumers: Lunch time chal raha he 😂
Karma😂😂😂 fruits🍍🍎🍓🍇😊
Meanwhile Rs 100.00 customers in comment section 😂😂😂
@@ankush44438 galat, Rs 105 he mere bank me 😌
😂😂
@@bishwapratimsaikia1462gajab😅
What about “Nirmala Tai “taxing on our hard earned money after paying all taxes.
1st she should remove taxes on saving account we already pay taxes and again paying tax on intrest earned on savings hurts too much.better invest in stock or mutual fund .
Staff se jabardasti mutual fund and insurance bikwayenge to yahi hoga
Aisa to kuch nahi hai bhai
Kon bola😂😂 target janta hai bank mei 😂😂@@manueltalks
@@manueltalksaisa hi h mein bhi bank gya tha jabardasti mutual fund pkda rhe the
@@pratyushpandit727
Waise to government bank mein to aisa kuch nahi hota hai
@@manueltalkshota he bhai..
1)FD interst rate low hai
2) saving not safe from hackers
Ha bhai true kongress and emergency ki vaje se hua hay
Yes
Chup be gobarbhkat 😂😂😂@@Shubamsss
FD is excempted from tax if your TDS on FD goes above Rs100,000 then the TDS becomes taxable,but if you can reduce tax by investing in tax saving schemes other ways of earnings will attract higher tax you will end up paying more tax that you can save
Also the Behaviour of Bank staff need to change.
Because Banks pay low interest for Deposit but take very high interest for lenders 😡😡🙏🙏
invome isi se hoti h bank ki 🐕 salary kon dega employe ko lender ki interset rate km krdi tho
thats how business works
Monetary policy ka naam suna hai kabhi ?
But people are taking loans with high intrest on EMI
In high growth countries like China, Japan and Korea, banks gave low interest loans to manufacturing units and businesses which helped the economy grow.
Namaskar Dosto video start 1:56
Namaskar doston, do we need economy. 🐕
😂😂@@rohitgoyal7297
Boht badiya
Thank you dosto. But have vanced installed.
@@rohitgoyal7297 L
This is because all awareness about investment in the stock market by retail investors and lower Return in banks and increase in MF
This is not the reason even in MF and stocks money do come back to overall banking system reasons can be 1. More money in cash form 2. Outward remittance
1 lol inflation leads to deposit of that inflated price in the bank accounts of the firms and traders only.
2 when we buy any stocks/bond/debentures, the money goes in the banking system only. The money never gets out of Banking system until and unless cash is withdrawn or we pay to foreign entity outside Indian territory
3 some people give high tax as reason. They forget that even when we are paying tax, it remains in the banking system only. Government keeps that money in the banking system only.
In short, the entire narrative of deposit crunch has been deliberately created to manipulate the capital market and share prices. In fact, high demand of credit is sign of very nice and desirable state of economy.. e.
Video starts at 1:54
Joshi brothers always helps❤❤❤❤
Thanks bro
❤
❤
That's why pd sir better 😂
My all money is in mutual fund and stocks 😂😂
Kitne ka investment kiya hai?
Bhai Mera 60k @@Williamburn9640
bahut
Diversify as well
Same Same 😂😂😂
Bank walo tumari asi k tasi dhoom 3 statement 😂
😂😂😂
Simple solution.. raise interest rates to 15% and remove from tax slab 😂
Then loan intrest will become 25% 😂
Share market ki jagah sab log FD hi karenge
Reduce taxes, that's the only viable option.
Yes sir, please do this
15% Interest is Practically Impossible for Banks😂😂
Bank Loan de rha h 12 se 13% par or saving par interest de rha h 2.5 se 3%
Or inflation rate h 5 se 6% to kon saving me Paisa rkhega 😏😏😏😏😏😏😏😏
A small finance bank gives 7% PA
Fd 9.50%
Bhai 5 to 6% inflation wholesale price index hai or retail me 7 to 9% inflation hai
Never ever deposit your money in Bank , you can not beat inflation with bank deposit.
Right
Bank pasi nhi raga
Ok.. -20% will beat inflation
1. Tax heaven
2. interest in savings getting reducing continuously.
3. Privatization of banks leads to unfaith in banking systems.
4. Lower income condition.
Solution
1. No or less tax on FD
2. Handsome interest rate
3. Appealing policies like double amount in 4-6 years
RBI and government have kept artificially interest rates low
Artificial नहीं, intentionally low रक्खा है ताकि, जो पैसे बचे वो banks की NPA कम करने में use कर सके !!!
Taxes like Switzerland
Services like Uganda
2% interest rate
10% inflation rate
The main reason is the low Interest Rate & tax application .
1 lol inflation leads to deposit of that inflated price in the bank accounts of the firms and traders only.
2 when we buy any stocks/bond/debentures, the money goes in the banking system only. The money never gets out of Banking system until and unless cash is withdrawn or we pay to foreign entity outside Indian territory
3 some people give high tax as reason. They forget that even when we are paying tax, it remains in the banking system only. Government keeps that money in the banking system only.
In short, the entire narrative of deposit crunch has been deliberately created to manipulate the capital market and share prices. In fact, high demand of credit is sign of very nice and desirable state of economy.. e.
1lakh income from FD should be tax free
at least 4-5 lakhs
@@rahulgunkar6308 abhi 40k hai to government jyada aukat ke bahar nahi dete. Es leye limit mai bola. Waise jitna mile utna accha 🤣
@@rahulgunkar6308no tax on fd interest should be
1 lakh is not even peanuts.
1lakh from FD is not small amount for 90% of the tax paying people@@spectrum_X
महंगाई इतनी है कि कमाने वालों के पास एक पैसा नहीं बच रहा है। बाकी बेरोजगार भाईयो के बारे में क्या ही बोलूं, उनकी पीड़ा मैं समझ सकता हूं। 😢
देश की आर्थिक स्तिथि बहुत खराब है लेकिन भक्त नहीं मानेंगे। 😐
Aur bolo "Mutual fund sahi hain "
😂😂😂😂 very true
Bank wale mahol bana rahe h. Fir rule bana denge. Minimum maintenance balance rakho 50000
Haa vai sahi haii
Mutal best option
@@rahul4562zero hai sbi mai 😂
First, you earn money and pay 30% income tax. Balance money you deposit in FD, you get 6%. After maturity, you pay again 30% tax from interests from FD. Then you keep the money in bank account and pay again 30% tax from the interest generated from the savings account (savings interest exceeding 10k in a year). So, you get triple taxed on your own hard earned money. Secondly, you get 6-7% interest rates if you are keeping for long time say 3 to 4 years. But no indexation benefits are given even in the midst of high retail, medical, education inflation era you get triple taxed. Who is going to deposit in bank?
Ish pe koie baat nahi karega
*_SBI should be closed permanently it's the most corrupted bank and lunch ke baad aana, counter no 5 pe jao_*
😂
To private bank me khulwa na kyu sbi me h Jake vaha khulwa monthly maintaining charge de aur vaha khulwa 😂😂
@@Homework78888 Staffs ko sallary milti hai na bhai free me to kam nahi na karta hai.. SBI staff ko haram ki khane ki aadat lag chuki hai...
SBI is cash cow for Government
Bhai merko ek baar bola counter no. 7 pe jaao. Counter no. 7 tha bhi nahi bank me
Kyun jama kare ? Intrest rate 7% maximum hai inflation ke hisab se to kuchh milta hi nehin upar se tax ... Ise achha to market me invest kare midcap small cap me at least 10% growth to milegi .. major banks giving relaxation to big players like politicians and business man . Ghotala karte hain unke satha milke .
Reason-
1.Low interest rates.
2. Income tax on saving interest, fd interest etc.
Right 👍
Kuch bache tab karenge Naa.
Mehengai ne esitesi karke rakhi hai.
Its only because of awareness in common people reg mutual funds and stocks. If savings is the issue, retail investor involvement in stock market would not be that much high or record breaking
1. Saving account pr jo 2.5% se 3% hai, use badhane ki jarurat hai.
2. Saving account ke Interest pr Tax khatam kiya jai.
Despite all banks UNION BANK OF INDIA giving higher interest rate in FD
for 333 days:- 7.4% (7.9% senior citizens)
SBI main bhi hai bro for 400 days
444 days not 400
Saving interest rate of sbi is 2.7% in megahalya
Pura india ma assa hi hai
not for meghalaya.. all over india 2.7%
In stock you can get 2.7% in a day
some solutions:
1. Income from FDs may be made tax free by the Government..
2. Value added services may be offered by banks in exchange of some fee.
3. Relaxation with regard to CRR, SLR etc. may be given to banks by RBI.
4. Online adoption by banks in account opening, maintenance etc as been done by D-mat account brokers.
Why should we deposit, i remember in 2009 ,those days bank used to give 9-10% ROI in FD.
But now 5.5-6% , i have moved to Mutual Funds .
Let the bank suffer for reducing the interest rates.
get 8.5 % interest through the stable money app. safe and secure till 5 LPA
Dhyan rkhna agar deposit crunch ki wajah se banking sector gira to pure market ko le Dubega.. yhi bhi dhyan rkhna.
Fir krte rhna invest.. sb aapas me interlinked hai.. banking sector is like backbone for indian economy.
As a Bank employee i know that banks cant give more intrest rates only just by doing traditional banking and banks should know first y people not depositing in banks next whats peoples doing with that money and after that banks have to think about alternative investments like institutional investors do then only banks can give more intrest rates on deposits and at the same time people have trust in banking system more then anything so if banks can performe best in investing in alternative sources with theire traditional banking methode then only it ll going to help to increase in the deposits other wise the situation in upcomming days will be more worse lets see what happens.
बैंकिंग सेविंग बढ़ाने के लिए भारत सरकार को सेविंग एकाउंट व एफडी /आरडी से मिलने वाले ब्याज को कम से कम 1.50 लाख तक आयकर से मुक्त करदे । इससे आम जनता को फायदा होगा और बैंकों में जमा धन बढ़ेगा ।
ब्याज की रकम को आयकर से मुक्त करें । जमा खुद ब खुद बढ़ेगी ।।
1 low interest.
2 high tax.
3 only 40 thousand yearly interest in tds.
4 exit charges highest.
Its not the FD that is causing problem..
Its taxation system..
People are keeping cash/black money a lot more..
And its impossible to track small amount of black money..
You can't tax people 28% as GST on cars and Acs and tax all sorts of savings and expect the deposits to go up.
One cannot deposit more than Rs l,00,000 in his account,if a customer deposits more than Rs100,000 charges plus gst collected from customers.Due to present policy of banking,banks will go down,cannot revieve.
If you want my money give me at least 7.5% at savings and 16% on FD .
😂
Then intrest on loans will be 25% 🤦🤦
Okay. But then, are you willing to pay 32% on loans and willing to maintain an AMB of 7 Lakhs? No? So think before writing whatever just because internet is cheaper after Jio 😅
@@indianpoliticalvideo7430 I'm already giving interest 44% on NAVI loan ... 😂
Following changes to be done
1. The interest rate increases
2. TDS deductions
3. Tax rebate
8:51 All listeners, please understand not to risk all your funds in share market, please put 25% in Short Term deposits that helps banks and also serves as cushion for your needs, and investment in high yielding assets is always recommended, please use ETFs on nifty etc.
5 lakh se jyada ki FD safe nahi he agar bank dubata he to 5 lakh se upar ki rakam dub jayengi
Bro solution kaya phir kaya kare
@@asdf002stock market...mf
@@asdf002gold buy krlo safest option hai. Return bhi thik hi hai.
@@asdf002 5-5 lakh dalo alag alag banks me
@@asdf002sbi bank mai daalo..most profitable and stable bank..
There might be a confusion regarding the claim that deposits are falling due to rise of mutual funds as even if depositors are shifting to mutual funds and stock market, the money invested essentially remains withing the banking ecosystem. However it is true that FDs are falling due to other investment alternatives like the stock market.
Make FD free from income tax
😅😂yes
jab bank sarkar ki chamachagiri kare to aise pareenam nazdeek hai
Bcz Minimum balance charge,maximum balance charge,withdrawl charge,deposit charge,Msg charge,maintanance charge ....etc......
Paisa bacche ga tabhi toh save krega na .
😅
Before 2014, we were getting 9.2 to 9.5% interest on FD.
Banks need to increase FD return rates at least 8.5%-9%
Fd intrest rates must be atleast 11 percent
Tax on Unrealised profit from MF, Stock 😂😂😂😂😂
US actually does that on Mutual Fund holding...
Are we getting services and facilities like United States🇺🇸😂😂
Andbakhat😂😂@@indianpoliticalvideo7430
आप लोग ये तो बता रहे हैं कि जमा बैक में जमा कम हो रहा है ।इसका कुछ किरण तो एक दम स्पष्ट है जैसे घेर सरकारी बैक कम रेट देता है,दूसरा जमा का सुरक्षा पर लैण्ड रेट क्यों बढ रहा है जब कि इन्डस्ट्रीयल ग्रोथ नही हो रहा है। और हम बार बार सुन रहे हैं कि पर्सनल लोन बढ रहा है इसका ये आसय भी हो सकता कि देश में गरीबी बड रही है और लोग कर्ज ले कर काम चला रहे हैं।
Let's talk about the real issue here.
The repo rate has been steadily high at 6.5% since February 2023, and as it rises, so do lending rates AND the deposit rates.
We're now looking at borrowing rates of 14%, 16%, even 24%! Sound familiar? But here’s the kicker: FD and SA rates are still incredibly low.
The average FD rate is only between 7.25% and 7.85%, and Savings Account rates barely hit 4%-which is even less than our inflation rate!
And these banks wonder why there's a deposit crunch?
Why would I park my money here only to watch it depreciate?
With prices rising across the board, I'd rather invest in mutual funds or other alternatives!
Solution - tax toh fd me 0 hona but main solution nirmala sitaraman ka istafa .. ye pura desh kliye achha h
For the first point - different investment strategies: in the end those money will eventually go to bank. Say I am investing in stock. Then in turn that company will keep this money back in bank. So I believe first point is bit confusing
I believe main problem is not retail depositors. It those who are HNI who are moving out of India and investing their money outside
Iska mtlb y hai logo ki income km.hui hai. Kharche bad rhe hai.😢
Can't save money at all, how will we deposite, price of all necessity are so high....
Increase FD interest rate upto 9-9.5%. People will deposit money. In spite of that Banks especially Bank of India has decreased interest rate in every tenure. I think BOI Authorities themselves want it to be merged.
FD intetest is 7% p.a.. and my stock up in one day 10%.. 😂❤ why should I invest in FD whose rate even not beat the inflation rate
@09:06 but sir if repo rate has been increased from 4% to 6.5% then it means banks have to pay higher interest rate to RBI on the borrowed money, so then how will the banks give higher interest rate to the retail depositors? In fact wont banks decrease the interest rate if the repo rate increases?
FD pe insurance ki rakam 5 lakh se badhakar 20 lakh kar do
Bank should also invest in stock market for their deposit..
Stocks best h 😂who agrees
Fd atleast give 9-10% interest rate with low tax rate.. otherwise no one gona deposit their money.. kya faida fd karke if it doesnt beat inflation..
Fd rate must be above 14%
At least 8.5%
Oo Bhai 😅
😂😂😂 Bank wale sadak par aa jeyenge agar aisa interest diya to
@@vidhanchandrasahu1185 Yes... 8-8.5% below 60 age wale logo ko karna chahiye
Due to high tax and high inflation people are struggling to save money
कोई इंसान क्यों पैसे रखेगा जब उसको पता चलेगा कि उद्धारणत: उसने 100₹ जमा करें और अगले महीने चेक करने पर मात्र 20₹ ही बचे क्योंकि बैंक ने उससे भरपूर मात्रा में शुल्क वसूल लिए।
If the indian banks increase the FD interest rates plus govt puts FD in EEE category (Exempted, Exempted & Exempted) then it will be helpful
एफडी पर ब्याज कम से कम 10% होना चाहिए। वैसे भी और कोई सामाजिक सुरक्षा तो है नहीं। टैक्स को खत्म करो।🙏🙏🙏
FD pe 10% interest hoga toh housing loan jo 8.60 pr milta hai 11.60 pe milega. Kya foonk k aya hai ?
The definition of Increased LTCG means: Everyone should invest in share market not deposit in Banks
Answer - only 2 only
Har jagah tax tax tax, uske baad bss 6% ke liye paisa bank main FD karega kya aadmi?
Better option hi search karega, real estate MF, SIP 🧐🧐
*Money Deposit Pr interest rate hi Km h SBI khud Shyad 3% deti h 3/6 pr or Public Khud mrkt me 3% Monthly pr Udhar De dete h...New Types k to tax/Deduction Shuru kr diye h to kon Rkhega paisa A/C me...*
Banking hamesa se hi Danger me thi
1. Bank give easy emi option for buying mobile, even clothes, but loan for entrepreneurship? It's no easy, that's why number if loans are increasing.
2. Loan are charged with double digit interest (compound), but for deposit? Its less than even 7% for majority of schemes.
Bank takes money from public, make profit and give peanuts to public.
Financial knowledge is increasing thanks to the internet, people started directly investing in market, bypassing banks. banks are facing this problem. 😎😎
Tho sir Monday ko Bank nifty niche jayega..tho put mei buy karunga
Ye news 10-12 din purani hai RBI governor ney bhi baat ki thi is pr.
Thnks for this current update😊
Without watching the whole video, you got the update?
@@rchakraborty4226 😅
All the banks' marketing teams work harder and harder to give loan, working capital, give insurance linked products, MFs and all. Monthly SIPs in India amount to more than 20,000 crores per month. ICICI MFs division itself manages AUM of more than Rs 3.5 Lakh crores.
They themselves were working to transfer people's money in those areas which are more profitable to them... Deposits are in the end a cost burden only on the banks.
Kongress and 1985 ki emergency ki vaje se hua hay 🤡👍
Mutual funds are more effective than fds RDS now a days.
Like kar do😋
I like you 😊😊
@@Chuslam-e1l jay shree ram
@@diagramwithfacts 🚩🚩🚩जय श्री 💗राम 💗🚩🚩🚩
In my opinion the main reason of this situation is due to high bank account freeze. A person keeping his full money in the bank and then his account got frozen then went to the bank to remove those money
SBI me only 2% interest on savings account. Which is ridiculous
Soon So called Investors will be out of mkt. Just one major correction.
Indian bank Kehne k liye hote h loan le lo but jb loan k liye apply kro toh itna presan krte hai ki ap thak jaonge but loan pas nhi krte ye log 😒 yha tk bank account open nhi krte isse achha h mutual fund ya share market..
There are banks which are giving interests higher than SBI and BOB on FDs. Central Bank of India gives 7.45% in FD of 444 days and 0.5% extra to senior citizens.
Banks already earn alot... look at their massive annual profits... har cheez pe charges... hidden charges... transaction charges.. blah blah...
Bank mafia now wants to sue mutual funds for business loss :P
Khoob chillaya sab ne "mutual funds sahi hai"... Kisine nahi chillaya "FD mein hai Dum" ...
The govt imposes taxes on income, then whatever we save and invest in FD they impose taxes on that as well. This is the reason my generation feels it's better to spend that money, rather than getting taxed again and again.
*Enhance Deposit Interest Rates*
anyone aged around 40 years has already suffered negative interest on deposits as interest paid on SBA are lower than inflation rate. its high time we realised true potential of our savings
The profit is Fixed deposit interest - Tax. But they only shows interest percentage.
Sir , I am a banker , as a banker I can say Banks main business is selling Insurance products, no one bother about Deposit. Only Insurance and other third party products.
Banks should increase interest rates , banking schemes are quite monotonous now a days
So long as the bank giving more importance on insurance business, nobody will deposit
India must increase incentives for Deposit holders to come out of the problem.
RBI should increase bank rate