Trend and growth rate of deposit mobilisation of Indian Bank-An analysis

The present study is trend and growth rate of deposit mobilization of Indian Bank. In this paper, an endeavor is made to assess the annual growth rate and compound annual growth rate in deposit mobilization of Indian Bank during the period from 2013–2014 to 2017–2018. The fundamental function of a banker is accepting of money from the public (Customer) by way of deposits and deploying the same using loans (Advances) and investments. Deposits are the key to a bank's potential growth. Total deposits have increased substantially over time. The bulk of resources employed by a modern banker consists of borrowed money-largely deposits-which are lent out as profitably as is consistent with safety. One of the greatest strength of a bank is its level of customer deposits which also enables it to achieve a lower cost of funds than the cost of alternative sources of funds.