Scheduled commercial banks' reliance on bulk deposits is likely to increase if credit growth is higher than that of deposit, India Ratings and Research (Ind-Ra) said Monday.
As per the rating agency, the system level credit growth of 12.9 per cent year-on-year continues to outpace deposit growth at 9.3 per cent, thereby intensifying competition for deposits among banks.
This is based on RBI's quarterly statistics on deposits and credit of scheduled commercial banks for December 2018
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