...According to RBI’s definition, however, bulk deposits are corporate deposits that are generally Rs 1 crore and above with maturity of up to one year. “We are re-computing the share of our bulk deposits after we received the clarification from the ministry. According to the ministry’s definition, the proportion of our bulk deposit base will be lower than what we had earlier estimated. This will help us to meet the 15 per cent cap within the given timeline,” said another banker............
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