Bank deposits grew 11.9 per cent year-on-year during 2020-21 compared to 8.8 per cent in 2019-20 on the back of high growth in the current account and savings account (CASA) deposits, RBI data showed.

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The share of CASA deposits increased to 43.7 per cent in March 2021 compared to 41.7 per cent a year ago, according to the Reserve Bank of India (RBI’s) Deposits with Scheduled Commercial Banks – March 2021 data released on Thursday. Among institutional categories, the household sector held a 64.1 per cent share in total deposits.