Bank credit growth steady at 15.1% as on 07 December 2018

Deposits rises 9.7% as on 07 December 2018

The Scheduled commercial banks (SCBs) credit growth was nearly flat at 15.1% YoY as on 07 December 2018, compared with 15.1% as on 23 November 2018. The credit growth has improved from 10.4% at end December 2017.

Non-food credit, accounting for 99.1% of the share of the total credit, recorded a growth of 15.1%, YoY, at Rs 91242.32 billion as on 07 December 2018 as against a rise of 15.3% fortnight ago and 11.2% rise a year ago.

The overall credit-deposit ratio increased to 77.4% as on 07 December 2018 from 77.3% as on 23 November 2018, while jumped from 74.7% in December 2018 with the faster growth in loans.

 

Aggregate deposits growth of the scheduled banks increased 9.7% YoY at Rs 118846.2 billion as on 07 December 2018, compared with 9.4% growth a fortnight ago and 3.6% rise a year ago. The time deposits showed an increase of 9.7% at Rs 106837.61 billion, while the demand deposits also increased at slower pace of 9.4% to Rs 12008.54 billion as on 07 December 2018.

The banks investment in government and other approved securities that qualify for treatment of statutory liquidity ratio increased 2.8% YoY to Rs 34506.48 billion as on 07 December 2018, showing deceleration in growth from 2.3% increase a fortnight ago, while exhibited rebound from 6.7% decline a year ago.

The investment-deposit ratio stood at 29.0% as on 07 December 2018, which is much higher above the Statutory Liquidity Ratio of 19.5%.

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