Banks see deposits rise for the third consecutive fortnight since mid-October
3 weeks, 3 days ago

Banks see deposits rise for the third consecutive fortnight since mid-October

New Indian Express  

MUMBAI: Indian banks' intense efforts to mop up deposits have finally begun to pay off, with liabilities growing faster than assets for the third consecutive fortnight. It marks the first time in 30 months that this has happened, following a period of aggressive deposit collection by lenders since the credit-deposit growth mismatch began in the fortnight ending March 25, 2022. According to the latest RBI data, for the fortnight to November 15, deposit growth marginally outpaced credit uptick at 11.21 percent. Credit growth had been exceeding deposit growth since the fortnight ending March 25, 2022, leading to a widening gap that reached as much as 700 basis points at its peak in the middle of 2023. It was in the fortnight ending October 18, after 30 months, that deposit growth of 11.7 percent outpaced credit growth of 11.5 percent, possibly signalling the beginning of a period where the liabilities side will keep pace with the asset side of lenders.

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History of this topic

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 …

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 Rises 5.15% in Fortnight Ended September 25: RBI Data
4 years, 2 months ago

Bank Credit Rises 5.15% in Fortnight Ended September 25: RBI Data

News 18  

Bank credit grew by 5.15 per cent to Rs 102.72 lakh crore, and deposits rose by 10.51 per cent to Rs 142.64 lakh crore in the fortnight ended September 25, according to RBI data. In the previous fortnight ended September 11, 2020, bank credit had increased by 5.26 per cent to Rs 102.24 lakh crore, and deposits surged by 11.98 …

Bank Credit Grows 5.52% in Fortnight Ended Aug 14: RBI Data
4 years, 3 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, 4 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 …

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