Mutual fund investments of banks jump 91% YoY to Rs 1.19 lakh crore in March

Much of the debate in the banking industry in 2024 revolved around why the deposit growth was extremely muted in relation to the growth in credit. Some blamed it on mutual funds, some on gold, and some on derivatives trading by individuals. But the truth was a lot more nuanced, as reported by the ET Bureau. Deposit growth muted?