Results for: Deposits

India’s Finance Minister Nirmala Sitharaman has urged state-run banks to intensify deposit mobilization efforts and swiftly implement budget measures designed to enhance credit accessibility for small businesses and individuals. The minister emphasized the need for sustainable credit growth, recognizing the crucial role of deposits in fueling this growth.

Cathay General Bancorp (CATY) continues to face challenges due to declining net interest income, rising cost of deposits, and heavy exposure to commercial real estate loans. Despite management’s expectation of rate cuts, the market remains skeptical, resulting in negative short-term prospects for CATY.