Bank credit growth steady at 12.02% as on 05 July 2019

Deposits rises 10.33% as on 05 July 2019

The Scheduled commercial banks (SCBs) credit growth moderated to 12.02% YoY to Rs 96975.1 crore as on 05 July 2019, compared with 12.01% growth a fortnight ago. The credit growth has eased marginally from 12.33% at end July 2018.

Non-food credit, accounting for 99.27% of the share of the total credit, recorded a growth of 11.97%, YoY, at Rs 96267.5 billion as on 05 July 2019 as against a rise of 11.99% fortnight ago and 12.47% rise a year ago.

The overall credit-deposit ratio eased on sequential basis to 76.51% as on 05 July 2019 from 77.24% a fortnight ago, while rose from 74.73% in July 2018 with the faster growth in loans.

Aggregate deposits growth of the scheduled banks increased 10.33% YoY at Rs 126746.8 billion as on 05 July 2019, compared with 10.04% growth a fortnight ago and 8.66% rise a year ago.

The time deposits showed an increase of 10.26% at Rs 113618.8 billion, while the demand deposits also increased at slower pace of 10.88% to Rs 13128.0 billion as on 05 July 2019.

The banks investment in government and other approved securities that qualify for treatment of statutory liquidity ratio mere 2.2% YoY to Rs 35425.14 billion as on 05 July 2019, showing marginal improvement in growth from 2.0% increase a fortnight ago.

The banks investment had increased 6.8% in July 2018. The investment-deposit ratio stood at 27.9% as on 05 July 2019, which is much higher above the Statutory Liquidity Ratio of 19.0%.

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