Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Household savings in banks dip for first time in four decades -Sunitha Natti    </title>
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-The New Indian Express

For the first time in four decades, bank deposits plunged to 25 per cent of overall household financial assets in FY18 as against 67 per cent a year before.

MUMBAI: For the first time in four decades, bank..."/>
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-The New Indian Express

For the first time in four decades, bank deposits plunged to 25 per cent of overall household financial assets in FY18 as against 67 per cent a year before.

MUMBAI: For the first time in four decades, bank..." />
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                            <div align="justify">-The New Indian Express<br /><br /><em>For the first time in four decades, bank deposits plunged to 25 per cent of overall household financial assets in FY18 as against 67 per cent a year before.<br /><br />MUMBAI: </em>For the first time in four decades, bank deposits plunged to 25 per cent of overall household financial assets in FY18 as against 67 per cent a year before.<br /><br />The startling downfall of bank deposits is a first, at least, in four decades* when their share touched a quarter of the total household financial assets (excluding small savings and including PF).<br /><br />It comes at a time when public and private banks are crumbling under the NPA pile, while big-ticket frauds like the $2 billion PNB scam are eroding their credibility. Making matters worse are interest rates of 6.5 per cent, insultingly lower than rates of small savings schemes.<br /><br />The unglamorous state of bank deposits punctures government&rsquo;s achievement of opening bank accounts for all Indian households - a feat achieved only last year - to inculcate financial savings culture.<br /><br />Please <a href="http://www.newindianexpress.com/business/2018/sep/17/household-savings-in-banks-dip-for-first-time-in-four-decades-1872912.html" title="http://www.newindianexpress.com/business/2018/sep/17/household-savings-in-banks-dip-for-first-time-in-four-decades-1872912.html">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-The New Indian Express<br /><br /><em>For the first time in four decades, bank deposits plunged to 25 per cent of overall household financial assets in FY18 as against 67 per cent a year before.<br /><br />MUMBAI: </em>For the first time in four decades, bank deposits plunged to 25 per cent of overall household financial assets in FY18 as against 67 per cent a year before.<br /><br />The startling downfall of bank deposits is a first, at least, in four decades* when their share touched a quarter of the total household financial assets (excluding small savings and including PF).<br /><br />It comes at a time when public and private banks are crumbling under the NPA pile, while big-ticket frauds like the $2 billion PNB scam are eroding their credibility. Making matters worse are interest rates of 6.5 per cent, insultingly lower than rates of small savings schemes.<br /><br />The unglamorous state of bank deposits punctures government&rsquo;s achievement of opening bank accounts for all Indian households - a feat achieved only last year - to inculcate financial savings culture.<br /><br />Please <a href="http://www.newindianexpress.com/business/2018/sep/17/household-savings-in-banks-dip-for-first-time-in-four-decades-1872912.html" title="http://www.newindianexpress.com/business/2018/sep/17/household-savings-in-banks-dip-for-first-time-in-four-decades-1872912.html">click here</a> to read more. <br /></div>                                                           
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For the first time in four decades, bank deposits plunged to 25 per cent of overall household financial assets in FY18 as against 67 per cent a year before.

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For the first time in four decades, bank deposits plunged to 25 per cent of overall household financial assets in FY18 as against 67 per cent a year before.

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    <h1 class="cat-box-title">Household savings in banks dip for first time in four decades -Sunitha Natti</h1>
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                            <div align="justify">-The New Indian Express<br /><br /><em>For the first time in four decades, bank deposits plunged to 25 per cent of overall household financial assets in FY18 as against 67 per cent a year before.<br /><br />MUMBAI: </em>For the first time in four decades, bank deposits plunged to 25 per cent of overall household financial assets in FY18 as against 67 per cent a year before.<br /><br />The startling downfall of bank deposits is a first, at least, in four decades* when their share touched a quarter of the total household financial assets (excluding small savings and including PF).<br /><br />It comes at a time when public and private banks are crumbling under the NPA pile, while big-ticket frauds like the $2 billion PNB scam are eroding their credibility. Making matters worse are interest rates of 6.5 per cent, insultingly lower than rates of small savings schemes.<br /><br />The unglamorous state of bank deposits punctures government&rsquo;s achievement of opening bank accounts for all Indian households - a feat achieved only last year - to inculcate financial savings culture.<br /><br />Please <a href="http://www.newindianexpress.com/business/2018/sep/17/household-savings-in-banks-dip-for-first-time-in-four-decades-1872912.html" title="http://www.newindianexpress.com/business/2018/sep/17/household-savings-in-banks-dip-for-first-time-in-four-decades-1872912.html">click here</a> to read more. <br /></div>                                                           
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Household savings in banks dip for first time in four decades -Sunitha Natti

Published on Sep 19, 2018   Modified on Sep 19, 2018

-The New Indian Express For the first time in four decades, bank deposits plunged to 25 per cent of overall household financial assets in FY18 as against 67 per cent a year before. MUMBAI: For the first time in four decades, bank deposits plunged to 25 per cent of overall household financial assets in FY18 as against 67 per cent a year before. The startling downfall of bank deposits is a first, at least, in four decades* when their share touched a quarter of the total household financial assets (excluding small savings and including PF). It comes at a time when public and private banks are crumbling under the NPA pile, while big-ticket frauds like the $2 billion PNB scam are eroding their credibility. Making matters worse are interest rates of 6.5 per cent, insultingly lower than rates of small savings schemes. The unglamorous state of bank deposits punctures government’s achievement of opening bank accounts for all Indian households - a feat achieved only last year - to inculcate financial savings culture. Please click here to read more.

The New Indian Express, 17 September, 2018, http://www.newindianexpress.com/business/2018/sep/17/household-savings-in-banks-dip-for-first-time-in-four-decades-1872912.html

Tagged with: Non-Performing Assets Non-Performing Assets (NPAs) Household Savings

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