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Banks have booked huge business in the run up to the close of financial year 2014-15, going by RBI data on the statement of position of scheduled commercial banks . In the last fortnight of FY15, banks mopped up deposits aggregating ₹329,975 crore (against ₹197,697 crore in the year-ago period).
Fear that banks may trim fixed deposit rates further could have prompted depositors to rush in to deploy their surplus in FDs. Further, in the last fortnight, banks saw loan offtake aggregating ₹267,946 crore (₹75,677 crore).
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