You are here: Home » News-CM » Economy » News
Business Standard

Bank credit growth steady at 6.1% as on 13 March 2020

Capital Market 

Deposits rise at 9.1% as on 13 March 2020

The 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%.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 26 2020. 21:22 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU