Are banks still seeing a seasonality factor in deposits and credit?

The popular view is that the second half of the year sees a bump in credit on account of the festive and wedding seasons. We examine if the data backs up this perception

Is the second half of the year still the busy season? In the festive season and the post-harvest months, demand for goods tends to increase. The same is replicated for banking where it is believed that demand for credit increases in the second half. Until a couple of decades ago, even the Reserve Bank of India had two credit policies – for the slack and busy seasons. This is passe now given that economic activity is spread throughout the year. But are there sharp distinctions in the way in which deposits and credit  behave in the first half of the