An entire generation of millennials, genzs have been pursued through mass media, influencers, or modern day internet, with a notion that FDs , although safe, do not give as good returns as other avenues like equities of MFs. And that has started worrying banks and the FM. In a recent meeting with the heads of the PSBs the FM highlighted data by SBI Research suggesting that bank deposits, traditionally favoured for their safety & liquidity and losing their appeal amongst younger investors.
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@44mahendrasharma
Ye FM and RBI governor SEBI cheif ko kyun nahi bolte FD mein paisa lagane ki. 100-200 crore to aise hi bank FD mein ajaenge