Banks grow deposits to INR 61 Tln at 17%

CD rates for 3 months to 100 days crossed 10% helping bankers recover lost ground from a 13.4% growth rate tone week ago to above 17.4% growth rate in Deposits on the last day of the fiscal 2011-12 at INR 61.12 Tln adding more than 2 T in a week  whileCD rates have climbed further in April. The jump in EOP deposits was helped both by friendly Corp Treasuries and bank pull thru improved rates. Credit growth was already at more than 17% to just below INR 45 T

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