You are here: Home » News-CM » Economy » News
Business Standard

Bank credit growth eases to 7.1% as on 20 December 2019

Topics
Business Finance

Capital Market 

Deposits rises 10.1% as on 20 December 2019

The Scheduled commercial banks (SCBs) credit growth moderated to 7.1% YoY to Rs 9947202 crore as on 20 December 2019, compared with 7.9% growth a fortnight ago. The credit growth has also decelerated from 13.9% at end December 2018.

Non-food credit, accounting for 99.1% of the share of the total credit, recorded a growth of 7.1%, YoY, at Rs 9862059 crore as on 20 December 2019 as against a rise of 7.5% fortnight ago and 13.8% rise a year ago.

Food credit moved up 10.1% to Rs 85143 crore as on 20 December 2019.

The overall credit-deposit ratio increased on sequential basis to 76.5% as on 20 December 2019 from 75.8% a fortnight ago, while eased from 78.2% in December 2018 with the faster growth in deposits.

Aggregate deposits growth of the scheduled banks increased 10.1% YoY at Rs 13008651 crore as on 20 December 2019, compared with 10.3% growth a fortnight ago and 8.9% rise a year ago. The time deposits showed an increase of 9.7% at Rs 11653865 crore, while the demand deposits increased at slower pace of 13.9% to Rs 1354786 crore as on 20 December 2019.

The banks investment in government and other approved securities that qualify for treatment of statutory liquidity ratio jumped 10.9% YoY to Rs 3712898 crore as on 20 December 2019, showing acceleration in growth from 8.7% increase a fortnight ago. The banks investment had declined -0.5% in December 2018. The investment-deposit ratio declined to 28.5% as on 20 December 2019, which is much higher above the Statutory Liquidity Ratio of 18.75%.

Powered by Capital Market - Live News

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

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: Thu, January 02 2020. 18:55 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU