Bank credit growth eases to 7.9% as on 06 December 2019

Deposits rises 10.3% as on 06 December 2019

The scheduled commercial banks (SCBs) credit growth moderated to 7.9% YoY to Rs 9934740 crore as on 06 December 2019, compared with 8.0% growth a fortnight ago. The credit growth has also decelerated from 13.9% at end December 2018.

Non-food credit, accounting for 98.7% of the total credit, recorded a growth of 7.5%, YoY, at Rs 9810076 crore as on 06 December 2019 as against a rise of 7.8% fortnight ago and 13.8% rise a year ago.

The overall credit-deposit ratio eased to 75.8% as on 06 December 2019 from 76.1% a fortnight ago, while eased from 77.1% in December 2018 with the faster growth in deposits.

 

Aggregate deposits growth of the scheduled banks increased 10.3% YoY at Rs 13105839 crore as on 06 December 2019, compared with 9.7% growth a fortnight ago and 8.9% rise a year ago. The time deposits showed an increase of 9.8% at Rs 11726045 crore, while the demand deposits increased at accelerated pace of 14.9% to Rs 1379794 crore as on 06 December 2019.

The banks investment in government and other approved securities that qualify for treatment of statutory liquidity ratio increased 8.7% YoY to Rs 3750720 crore as on 06 December 2019, showing improvement in growth from 8.5% increase a fortnight ago. The banks investment had declined 0.5% in December 2018. The investment-deposit ratio stood at 28.6% as on 06 December 2019, which is much higher above the Statutory Liquidity Ratio of 18.75%.

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