As per the Reserve Bank of India(RBI), publication of ‘Deposits with Scheduled Commercial Banks –March 2021’ bank deposits grew by-

As per the Reserve Bank of India(RBI), publication of ‘Deposits with Scheduled Commercial Banks –March 2021’ bank deposits grew by-

A. 10%

B. 11.2%

C. 11.9%

D. 12%

Answer: 11.9%

Explanation:

The Reserve Bank released the web publication ‘Deposits with Scheduled Commercial Banks – March 2021’ on its Database on Indian Economy (DBIE) portal.

As per the Reserve Bank of India(RBI), publication of ‘Deposits with Scheduled Commercial Banks –March 2021’ bank deposits grew by 11.9%.

Among institutional categories, the household sector held 64.1 per cent share in total deposits; individuals were the major constituent of the household sector and contributed 55.8 per cent in aggregate deposits.

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