Deposits rise at 9.1% as on 13 March 2020The Scheduled commercial banks (SCBs) credit growth was steady at 6.1% YoY to Rs 10140493 crore as on 13 March 2020, compared with 6.1% growth a fortnight ago.
Non-food credit, accounting for 99.4% of the share of the total credit, recorded a steady growth of 6.1%, YoY, at Rs 10080100 crore as on 13 March 2020 as against a rise of 6.1% fortnight ago.
Food credit moved up at slower pace of 14.7% to Rs 60393 crore as on 13 March 2020.
The overall credit-deposit ratio rose on sequential basis to 76.0% as on 13 March 2020 from 75.8% a fortnight ago.
Aggregate deposits growth of the scheduled banks improved slightly to 9.1% YoY at Rs 13339089 crore as on 13 March 2020, compared with 9.0% growth a fortnight ago.
The time deposits showed an increase of 8.6% at Rs 1188152 crore, while the demand deposits increased at higher pace of 12.9% to Rs 1457507 crore as on 13 March 2020.
The banks investment in government and other approved securities that qualify for treatment of statutory liquidity ratio increased 11.6% YoY to Rs 3787016 crore as on 13 March 2020, compared with 10.6% increase a fortnight ago. The investment-deposit ratio stood at 28.5% as on 13 March 2020, which is much higher above the Statutory Liquidity Ratio of 18.25%.
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