By Debdeep Gupta | 25 Jun, 2024
Myth of stock market eating into bank deposits, foreign investors’ FOMO, MGL, Star Health, Prestige in focus, bears gun for Ujjivan Small Fin
A popular theory in the market is that the main reason for banks’ inability to garner low-cost deposits fast enough to match loan growth is that more savers are diverting their money to the stock market. This has led to mutual fund managers blaming the banking lobby for some of the rule changes in recent times. But the theory of the stock market hurting banking deposit growth may be flawed, argu...