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Bank credit growth eases to 10.25% as on 30 August 2019

Capital Market 

Deposits rises 9.73% as on 30 August 2019

The Scheduled commercial banks (SCBs) credit growth moderated to 10.25% YoY to Rs 96806.9 billion as on 30 August 2019, compared with 11.64% growth a fortnight ago. The credit growth has also decelerated from 14.17% at end August 2018.

Non-food credit, accounting for 99.36% of the share of the total credit, recorded a growth of 10.15%, YoY, at Rs 96182.9 billion as on 30 August 2019 as against a rise of 11.59% fortnight ago and 14.24% rise a year ago. The overall credit-deposit ratio eased on sequential basis to 75.75% as on 30 August 2019 from 76.36% a fortnight ago, while jumped from 75.39% in August 2018 with the faster growth in loans.

Aggregate deposits growth of the scheduled banks increased 9.73% YoY at Rs 127802.3 billion as on 30 August 2019, compared with 10.16% growth a fortnight ago and 9.94% rise a year ago. The time deposits showed an increase of 9.57% at Rs 114143.5 billion, while the demand deposits also increased at slower pace of 11.13% to Rs 13658.8 billion as on 30 August 2019.

The banks investment in government and other approved securities that qualify for treatment of statutory liquidity ratio rose mere 2.1% YoY to Rs 35782.17 billion as on 30 August 2019, showing deceleration in growth from 1.3% increase a fortnight ago. The banks investment had declined 6.5% in August 2018. The investment-deposit ratio declined to 28.0% as on 30 August 2019, which is much higher above the Statutory Liquidity Ratio of 18.75%.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, September 13 2019. 10:42 IST
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