Q3 bank credit growth down to 10%

Gross bank credit grew by 10.1% in the December quarter as against 14.2% growth registered in the year-ago period, according to the RBI data.

Aggregate deposits grew 10.9% in the period, which was slower than 15.4% registered in the year-ago quarter.

"The deceleration in aggregate deposits as well as gross bank credit was broad-based and observed across all population groups," RBI said.

Public sector banks together accounted for 73.3% share in aggregate deposits and 71.2% share in gross bank credit, followed by private sector banks at 19.2% in aggregate deposits and 21% in gross bank credit at end-December 2014.

Metropolitan branches, constituting 53.1% of aggregate deposits and 64.2% of gross bank credit, recorded the highest credit-deposit (CD) ratio at 92.3%, it said.

 

For other population groups, CD ratio was lower than the national level of 76.4%.

The CD ratio was the highest for Tamil Nadu (121.1%) followed by Chandigarh (114.9%), Andhra (109.3%) and Telangana (106.4%).