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 but lower than the growth of 11.1 per cent in June 2019. Credit growth to agriculture and allied activities rose 2.4 per cent in June, compared with a higher growth of 8.7 per cent in the corresponding month of 2019. Loan growth to industry grew 2.2 per cent in June 2020, compared with 6.4 per cent growth in June 2019. Credit to large industries increased 3.7 per cent, against 7.6 per cent a year ago. Personal loans continued to perform well registering a growth of 10.5 per cent in June, nearly the same as in May but lower than 16.6 per cent growth in June 2019.

Growth Credit Cent 2019 Data Bank Bank Credit Shows Latest  deposits  lakh  nearly  data  bank  rs  1111  credit  shows  latest  cent  2020  crore  growth  2019  rbi  551  grows

History of this topic

New credit card issuances plunge 50% in October to 7.8 lakh as against 16 lakh a year ago
2 weeks, 4 days ago

New credit card issuances plunge 50% in October to 7.8 lakh as against 16 lakh a year ago

New Indian Express  

MUMBAI: The credit card industry seeing a sharp 50% year-on-year decline in new card issuances to a meagre 7.8 lakh in October as against 16 lakh cards issued in the same month last year. In November 2023, the Reserve Bank, fearing a bubble build-up in the unsecured loans segment, which has been growing at three times the other loans for …

Banking revival in 2025: Why strong liability franchises stand to gain
2 weeks, 5 days ago

Banking revival in 2025: Why strong liability franchises stand to gain

Live Mint  

Indian bank stocks are waiting for their moment in the sun. Read this | Private lenders see stress in credit cards, personal loans in Q2 Elevated deposit costs and sluggish base growth weighed heavily on net interest margins for both public and private banks. Public vs private banks Credit costs for private banks increased by 10 basis points sequentially, with …

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. …

At India’s largest bank, all eyes on premium customers
1 month, 2 weeks ago

At India’s largest bank, all eyes on premium customers

Live Mint  

Mumbai: State Bank of India may be taking the higher road as it joins the scramble for customer funds without resorting to a rate war, but its outlook signals an extended industry struggle for deposit growth. India’s largest bank on Friday tempered its guidance on deposit growth to 10-11% from 12-13% for 2024-25 as customers might have now found more …

SBI Dismisses Concerns About Flagging In Banking Sector's Deposit Growth
4 months ago

SBI Dismisses Concerns About Flagging In Banking Sector's Deposit Growth

News 18  

State Bank of India, India’s largest lender and public sector bank, in its report, has dismissed the concerns about the flagging in the banking sector’s deposit growth. The report highlighted that in the Financial Year 23, the banking sector, particularly All Scheduled Commercial Banks, registered the highest absolute growth in both deposits and credit since 1951-52. Meanwhile, the credit expanded …

As Deposit Growth Slows, Banks Innovate with Alternative Funding: RBI
4 months ago

As Deposit Growth Slows, Banks Innovate with Alternative Funding: RBI

News 18  

Banks are tapping alternative sources like commercial paper and certificates of deposit as deposit growth lags credit growth, RBI August Bulletin said on Monday. This increase amid deposit growth lagging credit expansion prompted banks to rely on alternative funding sources, as per the RBI article. While unveiling bi-monthly monetary policy, Reserve Bank Governor Shaktikanta Das expressed concern over household savings …

Federal Bank logs record high net income at Rs 1,010 crore, to raise Rs 6,000 crore
5 months ago

Federal Bank logs record high net income at Rs 1,010 crore, to raise Rs 6,000 crore

New Indian Express  

MUMBAI: The Kochi-based old generation private sector lender Federal Bank has reported the highest-ever quarterly net income at Rs 1,010 crore for the June quarter, logging in an 18.25 percent annualised growth, boosted by all-round performance in terms of asset generation as well as maintaining asset quality. The lender, which is getting a new chief executive in Krishnan Venkat Subramanian …

NBFC lenders find borrowing a costly affair
8 months, 1 week ago

NBFC lenders find borrowing a costly affair

Live Mint  

MUMBAI : Non-bank lenders are struggling through a spike in borrowing costs as banks have become cautious in lending to them following a regulatory warning, forcing these companies to diversify their money sources. The Reserve Bank of India in November increased the risk weights on NBFCs by 25 percentage points, making their cost of borrowing from banks costlier by 30-50 …

Credit growth trajectory likely to slow down to 12-14% YoY over FY25-27, says Emkay Global
9 months ago

Credit growth trajectory likely to slow down to 12-14% YoY over FY25-27, says Emkay Global

Live Mint  

India’s banking sector is expected to face a slowdown in credit growth and with banks exhausting strategies to sustain margins, the imperative for mobilizing deposits emerges, analysts said. The credit growth trajectory is expected to slow down to 12-14% year-on-year over FY25-27E from the current 16.5% YoY, according to Emkay Global Financial Services. The overall deposit growth and more so …

SBI Q3 net slips 35% on wages, pension
10 months, 2 weeks ago

SBI Q3 net slips 35% on wages, pension

The Hindu  

State Bank of India reported third quarter net profit plunged 35.49% to ₹9,164 crore as compared with ₹14,205 crore in the year ago period due to a one-time provisioning of ₹7,100 crore toward wage hikes and pension liabilities, its chairman Dinesh Khara said at a press conference. Out of the ₹7,100 crore the bank provided ₹5,400 crore to correct the …

Crushed by inflation, populace using loans to make ends meet: Congress
1 year, 1 month ago

Crushed by inflation, populace using loans to make ends meet: Congress

The Hindu  

Expressing concern over the economic trends emerging from the Reserve Bank of India’s October bulletin, the Congress on Wednesday alleged that a vast majority of Indians are suffering because of economic “mismanagement” by the BJP-led Centre. Congress general secretary Jairam Ramesh said the October bulletin “shows extremely concerning economic trends” as inflationary trends have remained above the RBI’s threshold level …

’Worried over high growth in personal loans’
1 year, 2 months ago

’Worried over high growth in personal loans’

Live Mint  

New Delhi: Reserve Bank of India governor Shaktikanta Das cautioned against the risks of “very high growth” in personal loans and urged lenders to strengthen their internal surveillance mechanisms and address the build-up of risks. While this is the first time RBI has publicly voiced concerns about the sharp growth in personal loans, the regulator has been cautioning banks about …

India's June quarter current account deficit narrows to 1.1 per cent: RBI
1 year, 2 months ago

India's June quarter current account deficit narrows to 1.1 per cent: RBI

Hindustan Times  

India's current account deficit narrowed to USD 9.2 billion or 1.1 per cent of GDP for the April-June period, the Reserve Bank said on Thursday. The net external commercial borrowings to India recorded an inflow of USD 5.6 billion in the quarter compared to an outflow of USD 2.9 billion a year ago, the RBI said The current account deficit, …

Bank credit outstanding to real estate rose to Rs. 28 lakh crore in July: RBI
1 year, 3 months ago

Bank credit outstanding to real estate rose to Rs. 28 lakh crore in July: RBI

The Hindu  

Bank credit to housing as well as commercial real estate witnessed a nearly 38 per cent annual growth in July, taking the loan outstanding to the realty sector to a record Rs 28 lakh crore, as per the latest RBI data. Huge loan growth The credit outstanding in housing rose 37.4 per cent annually in July crossing Rs 24.28 lakh …

Bank of Maharashtra Becomes Best Performing Public Sector Lender In Loan, Deposit Growth in Q1
1 year, 4 months ago

Bank of Maharashtra Becomes Best Performing Public Sector Lender In Loan, Deposit Growth in Q1

ABP News  

Bank of Maharashtra became the best performer among public sector banks during the first quarter of the current fiscal year. Based on the published quarterly numbers of the public sector banks, the bank recorded a growth of 24.98 per cent in the gross domestic advances, which stood at Rs 1,75,676 crore at the end of the first quarter. The report …

IndusInd Bank Q1FY24 net profit may rise 33% YoY amid healthy loan growth
1 year, 5 months ago

IndusInd Bank Q1FY24 net profit may rise 33% YoY amid healthy loan growth

Live Mint  

IndusInd Bank is set to announce its earnings for the first quarter of FY2024 on Tuesday. The private sector lender is expected to see stable margins and healthy loan growth during the June quarter. “Deposit growth was 15% YoY, broadly steady vs. last quarter and remains higher than system deposit growth of 12% YoY as of mid-June. Analysts at brokerage …

GNPAs Fall To Decadal Best Of 3.9 Per Cent In March, Set To Improve Further: RBI In FSR
1 year, 5 months ago

GNPAs Fall To Decadal Best Of 3.9 Per Cent In March, Set To Improve Further: RBI In FSR

ABP News  

The Indian banking system's asset quality strengthened to a decadal best, with the gross non-performing assets ratio falling to 3.9 per cent as of March 2023, the Reserve Bank said on Wednesday. GNPAs of the scheduled commercial banks are expected to improve further to 3.6 per cent by March 2024, as per the baseline scenario, the RBI's bi-annual Financial Stability …

Microfinance portfolio grows 21% in FY23, shows Sa-Dhan data
1 year, 6 months ago

Microfinance portfolio grows 21% in FY23, shows Sa-Dhan data

Live Mint  

India’s microfinance sector has recorded an overall portfolio growth of 21% during 2022-23, as per data from industry body Sa-Dhan. Except for banks, all other institutions recorded double-digit growth, with non-banking financial companies recording a 49% growth and NBFC MFIs growing 37%. According to Jiji Mammen, executive director and chief executive of Sa-Dhan, the microfinance sector has shown significant performance …

Bank credit rose 15 pc in December
1 year, 10 months ago

Bank credit rose 15 pc in December

Deccan Chronicle  

Chennai: Bank credit rose by a robust 15 per cent in December, supported by 20 per cent growth in retail loans and 35 per cent growth in loans to NBFCs. Retail loans, which have 31.8 per cent share in the overall bank credit, grew by 20 per cent against December 2021 and 45 per cent against March 2020 due to …

The growth deceleration problem cannot be skipped
1 year, 10 months ago

The growth deceleration problem cannot be skipped

The Hindu  

The much-anticipated Budget for 2023-24 has been presented. Deindustrialisation is accompanied by falling aggregate fixed investment rates and domestic savings rates by 4 percentage-5 percentage points of GDP, compared to that of the previous decade of the 2000s. The Budget’s extension of the interest-free loans of a 50-year tenure to States for infrastructure investment is also welcome. The truth about …

Federal Bank: Redefining banking digitally and sustainably
1 year, 11 months ago

Federal Bank: Redefining banking digitally and sustainably

Live Mint  

Federal Bank is one of the leading and preferred Personal, NRI and business banking partners for customers across India. Strong momentum in credit growth SME book grew by 20% YoY Retail book up by 18% YoY Business banking book up by 18% YoY Corporate book up by 19% YoY Commercial credit book grew by 18% YoY CV/CE business grew by …

Keep an eye on these economic indicators in 2023
1 year, 11 months ago

Keep an eye on these economic indicators in 2023

Live Mint  

Global headwinds, tightening monetary policy and the lingering effects of the pandemic have combined to create a gloomy global outlook. In its December bulletin, the Reserve Bank of India said that with balance of risks being tilted towards a darkening global outlook and emerging markets appearing more vulnerable, the Indian economy needs support from domestic growth drivers. Sectoral deployment of …

Indian banks to see record credit growth of over ₹19 trillion in FY23: Icra
2 years ago

Indian banks to see record credit growth of over ₹19 trillion in FY23: Icra

Live Mint  

New Delhi: Indian banks are likely to witness a record high credit growth, surpassing the ₹19 trillion in the current fiscal year, domestic rating agency Icra said on Monday. Further, the growth momentum is expected to remain strong in FY2024 as well, even though rising interest rates and tight liquidity conditions could moderate the growth,” said Anil Gupta, senior vice …

Economy On Track To Achieve 6.8-7 Per Cent Growth In FY23: CEA V Anantha Nageswaran
2 years ago

Economy On Track To Achieve 6.8-7 Per Cent Growth In FY23: CEA V Anantha Nageswaran

ABP News  

The Indian economy is on track to achieve 6.8-7 per cent GDP growth in this financial year, said Chief Economic Advisor V Anantha Nageswaran, on Wednesday. Nageswaran's comments came after the latest data showed India's GDP growth more than halved to 6.3 per cent in July-September. In 2022-23, the economy is on track to achieve 6.8-7 per cent growth,” Nageswaran …

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

Economy resilient, on course to acheive 7% growth in FY23: RBI article
2 years, 1 month ago

Economy resilient, on course to acheive 7% growth in FY23: RBI article

The Hindu  

With headline inflation beginning to show signs of easing, the domestic macroeconomic outlook appears to be resilient and on course for about 7% GDP growth in the current fiscal though India is still sensitive to global headwinds, according to an article released by the RBI on Friday. In the article, the authors - led by RBI Deputy Governor Michael Debabrata …

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 of Baroda reports 59% YoY growth in Q2 PAT to ₹3,312 cr, gross NPA dips
2 years, 1 month ago

Bank of Baroda reports 59% YoY growth in Q2 PAT to ₹3,312 cr, gross NPA dips

Live Mint  

PSU lender, Bank of Baroda beats street's estimates in the quarter ending September 30, 2022 period with profitability witnessing double-digit growth. In Q2 of the current fiscal, the bank's net interest income which is the difference between interest earned and interest expended, came in at ₹10,174.46 crore in Q2FY23 --- registering a growth of 34.47% from ₹7,565.97 crore in Q2FY22. …

SBI Q2 results 2022: Net profit jumps 74%, net interest income rises 16.8%
2 years, 1 month ago

SBI Q2 results 2022: Net profit jumps 74%, net interest income rises 16.8%

Live Mint  

SBI Q2 results 2022: The State Bank of India has announced its quarterly results for recently ended September 2022 quarter. The largest commercial bank of India has posted highest ever quarterly net profit at ₹13,265 crores whereas its year-on-year net profit has risen around 74 per cent. SBI's net interest income for the recently ended July to September 2022 quarter …

Liquidity Crunch Is Real. How Scheduled Commercial Banks Are Coping As Credit Growth Outpaces Deposit Growth
2 years, 1 month ago

Liquidity Crunch Is Real. How Scheduled Commercial Banks Are Coping As Credit Growth Outpaces Deposit Growth

ABP News  

A video is doing the rounds of social media, showing an official of Canara Bank, a Public Sector Bank, selling fixed deposits like a hawker in the streets of Mumbai suburbs in order to build up bank deposits. Both Canara Bank and HDFC Bank are actually on the ball as the slow deposit growth against the double-digit growth is creating …

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 …

India’s GDP grows at 13.5% in April-June quarter
2 years, 3 months ago

India’s GDP grows at 13.5% in April-June quarter

The Hindu  

India's Gross Domestic Product grew at 13.5% in the first quarter of 2022-23, the fastest pace in four quarters, with the Gross Value Added in the economy rising by 12.7%, as per National Statistical Office estimates released on Augsut 31. The economy’s latest growth print, aided by a pick-up in private consumption spending and capital investments, is significantly lower than …

Credit demand is gathering momentum; Will deposits catch up with the pace?
2 years, 4 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 …

MSME sector records credit growth of 14% in 2022-23, says SBI Research report
2 years, 4 months ago

MSME sector records credit growth of 14% in 2022-23, says SBI Research report

Firstpost  

SBI Research said in its weekly report ‘Ecowrap’ that the sector has expanded by Rs 52,800 crore against degrowth of Rs 61,000 crore during the similar period of the previous year New Delhi: Credit growth to the Ministry of Micro, Small & Medium Enterprises sector has expanded by Rs 52,800 crore in the current financial 2022-23 year against degrowth of …

HDFC Bank Deposit Grows 16.8%, Advances Up 20.8% in Mar quarter
2 years, 8 months ago

HDFC Bank Deposit Grows 16.8%, Advances Up 20.8% in Mar quarter

News 18  

HDFC Bank on Sunday said its deposits have risen 16.8 per cent y-o-y to Rs 15.59 lakh crore and advances have witnessed a 20.85 per cent jump year-on-year to Rs 13.69 lakh crore in the March 2022 quarter. Sequentially, deposits during the March 2022 quarter have registered a growth of 7.82 per cent, highest in 12 quarters, compared with Rs …

From steady growth to lower inflation: 6 key takeaways from RBI Annual Report 2022-23
2 years, 10 months ago

From steady growth to lower inflation: 6 key takeaways from RBI Annual Report 2022-23

India Today  

The Reserve Bank of India on Tuesday released its annual report 2022-23, where it shed light on different aspects of the Indian economy, ranging from GDP growth to inflation. Moderate inflation risks The RBI said inflation has moderated with downward corrections in global commodity and food prices and “easing of the pass-through from high input cost pressures of last year”. …

India's GDP growth turns positive, but experts caution against celebrating 0.4% growth
3 years, 9 months ago

India's GDP growth turns positive, but experts caution against celebrating 0.4% growth

India Today  

Though India’s economic health continues to slowly improve, a comprehensive recovery is yet to be seen. It had contracted by 23.9 per cent in April-June 2020 and by 7.5 per cent in July-September 2020; in the October-December 2020 period, it grew 0.4 per cent. The Finance Ministry’s Economic Survey 2020-21 projects that India’s real GDP growth in FY22 will be …

Bank Credit Grows at 5.4 per cent in September Quarter, Says RBI
3 years, 11 months ago

Bank Credit Grows at 5.4 per cent in September Quarter, Says RBI

News 18  

Bank credit growth on a year-on-year basis stood at 5.4 per cent in September quarter of the current fiscal year compared to 5.7 per cent growth in the previous quarter, RBI data showed. Credit growth for metropolitan branches, which have major share in bank credit, decelerated to 3.3 per cent year-on-year in September 2020 quarter as compared to 4.7 per …

Non-performing Loans in Indian Banking Sector to Rise in Next 12-18 Months: S&P
4 years, 1 month ago

Non-performing Loans in Indian Banking Sector to Rise in Next 12-18 Months: S&P

News 18  

Non-performing loans in the Indian banking sector is likely to witness an uptick and may shoot up to 11 per cent of gross loans in the next 12-18 months, S&P Global Ratings said on Tuesday. It said forbearance is ”masking” problem assets for Indian banks arising from COVID-19 and the financial institutions will likely have trouble maintaining momentum after the …

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 …

Banks' NPAs in Large Industry, Services Fall 31 per cent in Over Two Years to Rs 4.36 Lakh Crore
4 years, 3 months ago

Banks' NPAs in Large Industry, Services Fall 31 per cent in Over Two Years to Rs 4.36 Lakh Crore

News 18  

Banks' non-performing assets in large industry and services declined 31 per cent in over two years to about Rs 4.36 lakh crore in June this year, Parliament was informed on Monday. "As per Reserve Bank of India data on domestic operations, NPAs of scheduled commercial banks pertaining to large industry and services have come down to Rs 4,36,492 crore as …

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 …

Banks Set to Restructure up to Rs 8.4 Lakh Crore of Loans after RBI Decision: Report
4 years, 4 months ago

Banks Set to Restructure up to Rs 8.4 Lakh Crore of Loans after RBI Decision: Report

News 18  

Banks are likely to restructure up to Rs 8.4 lakh crore of loans, or 7.7 per cent of the overall system's credit, under the newly announced recast package, a domestic ratings agency said on Wednesday. Over 60 per cent of this Rs 8.4 lakh crore was susceptible to slip into the non-performing assets category if not for the recast move, …

RBI waves red flag on burgeoning NPAs
4 years, 4 months ago

RBI waves red flag on burgeoning NPAs

India Today  

The Financial Stability Report, released by the Reserve Bank of India on July 24, highlights a few key challenges that the Indian banking and financial sector are going through, especially due to the Covid-induced lockdown. The stress tests that the central bank carried out reveal that the gross non-performing assets ratio of scheduled commercial banks could worsen to as high …

Discover Related