Bank credit growth steady at 15.1% as on 21 December 2018

Deposits rises 9.2% as on 21 December 2018

The Scheduled commercial banks (SCBs) credit growth was nearly flat at 15.1% YoY to Rs 92877.4 crore as on 21 December 2018, compared with 15.1% growth as on 07 December 2018. The credit growth has improved from 10.38% at end December 2017.

Non-food credit, accounting for 99.17% of the share of the total credit, recorded a growth of 15.10% , YoY, at Rs 92104.0 billion as on 21 December 2018 as against a rise of 15.10% fortnight ago and 11.19% rise a year ago.

The overall credit-deposit ratio jumped to 78.6% as on 21 December 2018 from 77.5% as on 07 December 2018, while jumped from 74.7% in December 2017 with the faster growth in loans.

Aggregate deposits growth of the scheduled banks increased 9.2% YoY at Rs 118182.1 billion as on 21 December 2018, compared with 9.7% growth a fortnight ago and 3.6% rise a year ago. The time deposits showed an increase of 9.7% at Rs 106283.7 billion, while the demand deposits increased at slower pace of 4.9% to Rs 11898.4 billion as on 21 December 2018.

The banks investment in government and other approved securities that qualify for treatment of statutory liquidity ratio rose mere 0.5% YoY to Rs 33465.71 billion as on 21 December 2018, showing deceleration in growth from 2.8% increase a fortnight ago. The banks investment had declined 6.7% in December 2017.

The investment-deposit ratio declined to 28.3% as on 21 December 2018, which is much higher above the Statutory Liquidity Ratio of 19.5%.

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