However, the report highlighted that, while it’s true that credit growth has outpaced deposit growth in recent years, leading some to trumpet this as a sign of decelerating deposit activity, a deeper analysis reveals a different story.
The report highlighted that in FY23, the banking sector, particularly All Scheduled Commercial Banks (ASCBs), registered the highest absolute growth in both deposits and credit since 1951-52.
Deposits grew by an impressive Rs 15.7 lakh crore, while credit expanded by Rs 17.8 lakh crore, pushing the incremental Credit-Deposit (CD) Ratio to a staggering 113 per cent. The momentum continued into FY24, with deposits rising by Rs 24.3 lakh crore and credit by Rs 27.5 lakh crore.
Despite the narrative suggesting a slowdown in deposit growth, the data tells us otherwise. Since FY22, incremental deposit growth has actually outpaced incremental credit growth, with deposits increasing by Rs 61 trillion compared to Rs 59 trillion in credit.
この記事は The Business Guardian の August 20, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は The Business Guardian の August 20, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Umbrashield - The Future of Sun Protection with Style and Innovation
In today's world, sun protection has become more than just a necessity-it's a lifestyle choice.
Manipur Lifts Internet Ban After Six Days
On Monday, the Manipur government announced the restoration of internet and mobile data services across several districts in the state, following a review of the current law and order situation.
Banks And Fis To Invest Rs 32.5 Trillion In Renewable Energy By 2030: Centre
Larious eading banks and various financial institutions have committed close to $386 billion (Rs 32.45 trillion) investment in development of renewable energy projects by 2030, Union minister of new and renewable energy (MNRE) Pralhad Joshisaid on Monday.
Ball in BJP's court to hold early polls in Delhi: AAP
The ruling Aam Aadmi Party on Monday said it has put the ball in BJP's court by demanding early elections in Delhi in November, and now it is up to the opposition party to decide whether it was prepared to face CM Arvind Kejriwal.
IndiGo issues apology after Ranchi-Delhi flight cancelled
IndiGo Airlines issued an apology after passengers of a flight from Ranchi to Delhi were held up for two hours inside the aircraft after the filight was delayed due to a technical issue.
Kejriwal holds one on one meeting
AAP convener Arvind Kejriwal on Monday held \"one on one\" meeting with party leaders during the Political Affairs Committee over the name of a new Delhi chief minister.
From Innovator to Influencer: How Rayan Malhotra is Leading India's Fintech Revolution
In the ever-evolving world of startups and innovation, Rayan Malhotra stands as a beacon of entrepreneurial spirit and fintech disruption.
No water supply in parts of south Delhi for 12 hours
Water supply in parts of south Delhi will be stopped for 12 hours on September 18 due to some maintenance work, the Delhi Jal Board said in a statement.
Next generation at Brand Realty Group to focus on land investments
Brand Realty Group headed by IIT Alumunus, Mr.Kamal Manchanda, has been active in Real Estate for over 25 years. Sahil Manchanda, son of Mr. Kamal Manchanda and Varun Pahwa, a close relative of Mr. Kamal Manchanda have recently joined the business.
Major revamp of Delhi's interstate bus terminals underway
All three interstate bus terminals in Delhi are undergoing major makeover after Lieutenant Governor VK Saxena expressed dissatisfaction at the public amenities and infrastructure and instructed for its redressal, Raj Niwas officials said on Monday.
