Credit-deposit ratio increased to five-months high of 76.1% as on 26 December 2014
The credit growth for Scheduled commercial banks' (SCBs) slowed to three-month low of 10.5% at Rs 63467.02 billion as on 26 December 2014. The credit growth has moderated from 14.2% growth in December 2013. Non-food credit, accounting for 98.3% of the share of the total credit, grew 10.8% to Rs 62383.79 billion on 26 December 2014 as against a rise of 14.5% a year ago.The overall credit-deposit ratio increased to five-months high of 76.1% as on 26 December 2014 compared with 76.8% in December 2013. The credit-deposit ratio remained sharply lower compared to 77.8% at end March 2014.
Aggregate deposits
Aggregate deposits growth of the scheduled banks increased 11.5% to Rs 83361.82 billion on 26 December 2014 over a year ago, compared with 15.5% increase in December 2013. The time deposits moved up 11.4% at Rs 75650.32 billion, while demand deposits increased 12.4% to Rs 7711.43 billion as on 26 December 2014.
Investments of the banking sector
Banks' investment in government and other approved securities that qualify for treatment of statutory liquidity ratio increased 10.5% to Rs 24377.6 billion as on 26 December 2014 over a year ago, showing moderating in the pace of growth from 13.9% increase in December 2013.
The investment-deposit ratio remained flat for fourth straight month at 29.2% as on 26 December 2014. The investment-deposits ratio has eased slightly from 29.5% end December 2013, while it remains much higher above the statutory liquidity ratio of 22%.
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