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Indian Deposit Growth YoY (Jan/23) Y/Y 12.5% (Prev. 10.6%)

Newsquawk Staff ·

Indian Deposit Growth YoY (Jan/23) Y/Y 12.5% (Prev. 10.6%)

What it means

The year-over-year deposit growth in India for January 2023 has accelerated to 12.5%, up from the previous rate of 10.6%. This increase could signal improving bank liquidity and consumer confidence, potentially influencing the outlook for monetary policy and interest rates in the region.

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