.......The latest RBI data shows that scheduled commercial banks raised nearly 61,950 crore bulk deposits in the fortnight to March 9, against 38,800 crore raise in the preceding fortnight. Banks sometimes resort to this year end rush to show better performance. The banking regulator, the Reserve Bank of India, or RBI, has taken note of the wide divergence in the retail and bulk deposit rates. A senior RBI official had said late March that the practice was wrong. State run banks are not enthused by the dictate, which they say could impact their business........
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