You are here: Home » Finance » News » Banks
Business Standard

Credit-to-deposit ratio fell to 73.1% in Q1, from 76% in Q4FY20

While for private banks, credit growth moderated to 7.2 per cent in Q1FY21, from 9.3 per cent in Q4FY20, public sector banks (PSBs) and regional rural banks saw a rise

Topics
Credit to deposit ratio

Abhijit Lele  |  Mumbai 

cash, currency, notes, funds, investment, shares, growth, profit, loss, tax, money, income, earnings
For PSBs credit growth moved up to 5.7 per cent, from 4.2 per cent, while for RRBs it rose from 6.1 per cent to 6.7 per cent

The fell to 73.1 per cent in the June quarter, from 76 per cent in the preceding quarter as the nationwide lockdown imposed in March-end brought economic activity to a near standstill.

While for private banks, credit growth moderated to 7.2 per cent in Q1FY21, from 9.3 per cent in Q4FY20, public sector (PSBs) and regional rural saw a rise.

For PSBs credit growth moved up to 5.7 per cent, from 4.2 per cent, while for RRBs it rose from 6.1 per cent to 6.7 per cent.

Entering into the second quarter, credit offtake is inching up gradually with schemes like government guaranteed emergency credit for MSMEs. Yet, the moved down to 72.58 by middle of August 2020.


chart

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, September 02 2020. 23:30 IST
RECOMMENDED FOR YOU
.