Deposits rises 9.9% as on 31 January 2020The Scheduled commercial banks (SCBs) credit growth moderated to 7.1% YoY to Rs 10102568 crore as on 31 January 2020, compared with 7.2% growth a fortnight ago. The credit growth has also decelerated from 14.8% at end January 2019.
Non-food credit, accounting for 99.2% of the share of the total credit, recorded a growth of 7.1%, YoY, at Rs 10023668 crore as on 31 January 2020 as against a rise of 7.1% fortnight ago and 14.7% rise a year ago.
Food credit moved up 16.5% to Rs 78900 crore as on 31 January 2020.
The overall credit-deposit ratio eased on sequential basis to 75.8% as on 31 January 2020 from 76.2% a fortnight ago, while declined from 78.0% in January 2019 with the faster growth in deposits.
Aggregate deposits growth of the scheduled banks increased 9.9% YoY at Rs 13324155 crore as on 31 January 2020, compared with 9.5% growth a fortnight ago and 9.6% rise a year ago.
The time deposits showed an increase of 9.3% at Rs 11886673 crore, while the demand deposits moved up 15.6% to Rs 1437482 crore as on 31 January 2020.
The banks investment in government and other approved securities that qualify for treatment of statutory liquidity ratio jumped 11.2% YoY to Rs 3730716 crore as on 31 January 2020, showing acceleration in growth from 10.2% increase a fortnight ago. The banks investment had declined -0.1% in January 2019. The investment-deposit ratio declined to 28.0% as on 31 January 2020, which is much higher above the Statutory Liquidity Ratio of 18.25%.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)