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Household Deposits dominate in Banks

Majority of deposits in banks was held by the household sector at 61.5 per cent as on March 31, 2016, the Reserve Bank said today. This was followed by the Government sector which accounted for 12.8 per cent of total deposits. The private corporate sector came next with a contribution of 10.8 per cent. Total deposits as on March 31, 2016 was Rs 98,41,290 crore, as against Rs 89,72,710 crore till March 2015. "A majority (63.8 per cent) of the deposits was term deposits. The combined share of current and savings deposits, however, increased from 34.9 per cent in 2015 to 36.2 per cent in 2016," the RBI said. More than half (51.5 per cent) of the total deposits was raised by metropolitan branches followed by urban branches (22.8 per cent) and semi-urban branches (15.4 per cent). While term deposits dominated the total deposits in these branches, savings deposits dominated in rural branches. Public sector banks continued to maintain the largest share (70.6 per cent) in total deposits. Private sector banks had a share of 21.6 per cent in total deposits. Further, seven states/ Union Territories -- Maharashtra, Delhi, Uttar Pradesh, Karnataka, Tamil Nadu, West Bengal and Gujarat -- comprised around 66 per cent of total deposits of banks in India as on March 31, 2016. Maharashtra alone contributed around 23 per cent of the total deposits.

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 for 11, April 2017
Opening Session  Subdued
Tithi ::Chaitra Bahula  Padyami
Nakshatra:Chitta
Persons born in Pushyami, Anuradha and Uttarabhadra constellations and those born in Libra and Aquarius are advised to be alert in their dealings.
Sensitive / Trend change Timings : 10.05 AM; 11.40 AM; 2.30 PM
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open  Subdued  and remain so  till about 11.20AM and could remain  better from  about 11.30 AM till about 1.30 pm and could remain subdued thereafter till  about end of the day.
Astro Technical Trading Strategy...
If Nifty Fut. Trades below  ATP/ Open level by about 9.30 AM , Short   Positions can be taken with suitable   SL, and such positions can be closed by about 11.30 AM. If Nifty Fut trades above  ATP by about 11.45 AM, Long Positions can be taken with suitable SL,and such positions can be closed by about 1.30 PM / 1.45 PM.
Technical Levels... Resistance : 9220, 9255 Sup…