Credit-deposit ratio stood at 75.6% as on 03 October
Scheduled commercial banks' (SCBs) credit growth has shown a pick-up to 11% at Rs 62690.07 billion as on 03 October 2014 from single digit level of 9.7%, a five-year low, in the previous fortnight. Non-food credit, accounting for 98.4% of the share of the total credit, grew 11.2% to Rs 61700.21 billion on 03 October 2014, showing acceleration from 9.8% growth a fortnight ago. The overall credit-deposit ratio stood at 75.6% as on 03 October compared with 75.8% a fortnight ago.Aggregate deposits of the scheduled banks moved up 13.1% at Rs 82893.1 billion on 03 October 2014 over a year ago, compared with 11.7% growth at end June 2014. The time deposits moved up 12.8% at Rs 75076.7 billion, while demand deposits surged 15.8% to Rs 7816.5 billion on 03 October 2014.
Banks' investment in government and other approved securities that qualify for treatment of statutory liquidity ratio increased 10.9% to Rs 24089.2 billion on 03 October 2014 over a year ago, showing acceleration in the pace of growth from 7.5% in June 2014. The investment-deposit ratio stood at 29.1% as on 03 October 2014, showing increase from 28.8% end June 2014 and remains much higher above the statutory liquidity ratio of 22%.
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