Banks added over ₹2 trillion more in deposits than loans in 2024
15 hours, 21 minutes ago

Banks added over ₹2 trillion more in deposits than loans in 2024

Live Mint  

MUMBAI : Banks in India added more deposits than loans last year, leading to a softening of the credit-deposit ratio, even as deposit growth failed to keep pace with advances, showed latest data from the Reserve Bank of India. “There was a structural shift away from bank deposits into other forms of investments, especially in the markets," said Vivek Iyer, partner at Grant Thornton Bharat. “The CD ratio will also improve as retail investors go back to bank deposits following the market correction," said Iyer. Credit growth outlook That said, even when money flows into equity markets, it does end up in a bank account, remaining part of the overall deposits.

India Savings Bank Loans Mukherjee Rbi Das Higher Added Deposit Deposits Iyer Ratio Deposit Growth Credit Growth Bank Deposits  added  deposits  savings  credit  growth  2024  ratio  india  higher  bank  trillion  deposit  loans  banks

History of this topic

RBI says bank credit growth accelerates to 17.2 % in September quarter: Report
2 years, 1 month ago

RBI says bank credit growth accelerates to 17.2 % in September quarter: Report

Hindustan Times  

Bank credit growth improved to 17.2 per cent in the September quarter 2022 from 7 per cent in the year-ago period, reflecting pick-up in economic activities. Bank credit growth improved further to 17.2 per cent in September 2022 from 14.2 per cent a quarter ago and 7 per cent a year ago, it said. Aggregate deposits growth, which remained in …

Explained | RBI’s concerns on slow deposit growth
2 years, 1 month ago

Explained | RBI’s concerns on slow deposit growth

The Hindu  

The story so far: The Governor, Deputy Governor and a few other senior officials of apex banking regulator, the Reserve Bank of India, met MD and CEOs of public and certain private sector banks on November 16. Acknowledging the role played by private commercial banks in supporting economic growth during the pandemic and in the ongoing financial market turmoil, the …

RBI concerned about slow deposit growth
2 years, 1 month ago

RBI concerned about slow deposit growth

Deccan Chronicle  

Mumbai: The Reserve Bank Of India is concerned about the slow deposit growth and how banks would support double-digit credit growth amidst tightening liquidity. The issue was discussed on Wednesday when RBI governor Shaktikanta Das met managing directors and chief executive officers of public sector banks and key private sector banks. One of the issues discussed was that while credit …

Tightening liquidity may force Indian banks to compete harder for deposits
2 years, 3 months ago

Tightening liquidity may force Indian banks to compete harder for deposits

Live Mint  

Indian banks may be forced to compete harder to boost deposits amid tightening liquidity and rising credit demand ahead of the festive season, analysts warned. With excess liquidity in the banking system over the last couple of years on account of the cash infused by the RBI during the pandemic, banks chose to rely on raising funds from money markets …

Credit demand is gathering momentum; Will deposits catch up with the pace?
2 years, 5 months ago

Credit demand is gathering momentum; Will deposits catch up with the pace?

Live Mint  

As the impact of the pandemic continues to fade away, credit offtake in the financial system has been gathering momentum. According to the CMIE report, outstanding personal loans increased by 1.5 per cent in June 2022 compared to the previous month. Credit growth in the large industries segment was 3.3 per cent, compared to a 4.8 per cent contraction in …

Bank Credit Rises 5.67%, Deposits Up 10.63%, RBI Data Shows
4 years, 1 month ago

Bank Credit Rises 5.67%, Deposits Up 10.63%, RBI Data Shows

News 18  

Bank credit grew by 5.67 per cent to Rs 104.04 lakh crore, while deposits increased by 10.63 per cent to Rs 143.80 lakh crore in the fortnight ended November 6, according to RBI data. In the previous fortnight ended October 23, 2020, bank credit had risen by 5.06 per cent and deposits by 10.12 per cent. On a year-on-year basis, …

Bank Credit Grows 5.52% in Fortnight Ended Aug 14: RBI Data
4 years, 4 months ago

Bank Credit Grows 5.52% in Fortnight Ended Aug 14: RBI Data

News 18  

Bank credit grew 5.52 per cent to Rs 102.19 lakh crore and deposits increased 11.04 per cent to Rs 140.80 lakh crore in the fortnight ended August 14, according to RBI data. In the previous fortnight ended July 31, 2020, bank credit grew 5.51 per cent while deposits witnessed a growth of 11.11 per cent. On a year-on-year basis, non-food …

Bank Credit Grows 5.51% and Deposits 11.11%, Shows Latest RBI Data
4 years, 5 months ago

Bank Credit Grows 5.51% and Deposits 11.11%, Shows Latest RBI Data

News 18  

Bank credit and deposits grew 5.51 per cent and 11.11 per cent to Rs 102.65 lakh crore and Rs 141.61 lakh crore, respectively, in the fortnight ended July 31, according to the latest data from the RBI. On a year-on-year basis, non-food bank credit growth was at 6.7 per cent in June 2020, nearly the same as in May 2020 …

Credit crunch worsens as loan growth slows to 6% in Q2
5 years, 2 months ago

Credit crunch worsens as loan growth slows to 6% in Q2

Live Mint  

The Indian economy continues to face a credit crunch as loan growth slowed to a low of 6% in the second quarter, which was last seen during demonetization, foreign brokerage firm Credit Suisse said on Monday. Analysing the second quarter numbers, the Credit Suisse report said non-banking financial companies witnessed a 36% drop in disbursements, while growth in bank lending …

First time this fiscal, credit growth enters single-digit lane as slump spreads
5 years, 3 months ago

First time this fiscal, credit growth enters single-digit lane as slump spreads

India Today  

Reflecting the deepening economic crisis arising from both structural and cyclical issues and a massive fall in consumption demand, bank credit growth rate, for the first time this fiscal, slowed to single-digit at 8.8 per cent to Rs 97.71 lakh crore during the fortnight to September 27, according the Reserve Bank of India data. In the first fortnight of the …

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