Mumbai: Annual growth Bank credit Continuing to move forward Deposit growth This growth was by a high margin post the merger even after the base effect arising from HDFC’s merger with HDFC Bank.
According to data released by RBI, till July 12, bank credit grew by 14% year-on-year, while deposit growth stood at 11.3% in the same period.
RBI Data Data shows that customers withdrew Rs 2.1 lakh crore from savings and current accounts during the fortnight ended July 12, 2024. They invested an additional Rs 1 lakh crore in fixed deposits during the same period.
Outstanding deposits fell by Rs 1 lakh crore to Rs 211.7 lakh crore during the fortnight and bank credit fell by Rs 69,755 crore to Rs 168.1 lakh crore, widening the gap between deposit and credit growth. The credit to deposit ratio stood at 79.4% as of July 12. credit deposit ratio It has hovered around 80% for most of the financial year.
According to data released by RBI, till July 12, bank credit grew by 14% year-on-year, while deposit growth stood at 11.3% in the same period.
RBI Data Data shows that customers withdrew Rs 2.1 lakh crore from savings and current accounts during the fortnight ended July 12, 2024. They invested an additional Rs 1 lakh crore in fixed deposits during the same period.
Outstanding deposits fell by Rs 1 lakh crore to Rs 211.7 lakh crore during the fortnight and bank credit fell by Rs 69,755 crore to Rs 168.1 lakh crore, widening the gap between deposit and credit growth. The credit to deposit ratio stood at 79.4% as of July 12. credit deposit ratio It has hovered around 80% for most of the financial year.
