66% of household assets are kept as bank fixed deposits, cash: RBI bulletin

The surge in assets is the result of a fall in consumption due to the Covid-induced lockdown, reveals the latest RBI bulletin. Meanwhile, borrowings have slumped. The financial liabilities of households were primarily in the form of loans and borrowings.

from Wealth-Economic Times https://ift.tt/2ULpkwT
via Latest News of India