Low urban wage growth has been one of the structural drags on deposit growth, especially CASA.
As stress persists for banks on the deposit mobilisation front, a few banks have tapped the short-term debt market to raise funds through certificates of deposits.
The total deposits of the bank increased 18.3 percent on-year to Rs 2.77 lakh crore in July-September quarter, as against 2.34 lakh crore in the year-ago period.
HDFC Bank's earnings growth is likely to rebound as margins are expected to expand gradually as the bank replaces market borrowings with low-cost deposits.
The bench directed the Centre and the state to file reports on steps being taken to curb the menace of the game and to prevent children from playing it.
After SBI and ICICI Bank, private sector lender Axis Bank today launched a zero balance salary account exclusively for Indian Army personnel.