Growth of deposits and advances of PSBs improves from 8.2% and 9.8% in FY2021-22 to 9.3% and 15.8% in FY2022-23, respectively

Growth of deposits and advances of PSBs improves from 8.2% and 9.8% in FY2021-22 to 9.3% and 15.8% in FY2022-23, respectively https://www.taxtmi.com/news?id=26716 Growth in deposits and advances at public sector banks improved, and general superintendence, direction and management of PSBs vests in each bank's Board under the applicable Acts. PSBs have implemented measures including analytics driven product innovation, digital onboarding (Video KYC/digital KYC), strategic deposit retention and CASA acquisition, expanded mobile and internet banking, analytics based credit offers and digital loan initiation, comprehensive automated Early Warning Systems with multiple triggers and third party data, predictive NPA models, and use of Open API, AI, blockchain and analytics. en-us Tue, 01 Aug 2023 18:45:45 +0530 Tue, 01 Aug 2023 18:46:00 +0530 TaxTMI RSS Generator Growth of deposits and advances of PSBs improves from 8.2% and 9.8% in FY2021-22 to 9.3% and 15.8% in FY2022-23, respectively https://www.taxtmi.com/news?id=26716 Growth in deposits and advances at public sector banks improved, and general superintendence, direction and management of PSBs vests in each bank's Board under the applicable Acts. PSBs have implemented measures including analytics driven product innovation, digital onboarding (Video KYC/digital KYC), strategic deposit retention and CASA acquisition, expanded mobile and internet banking, analytics based credit offers and digital loan initiation, comprehensive automated Early Warning Systems with multiple triggers and third party data, predictive NPA models, and use of Open API, AI, blockchain and analytics. News - Tue, 01 Aug 2023 18:45:45 +0530 https://www.taxtmi.com/news?id=26716