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.
Denne historien er fra August 20, 2024-utgaven av The Business Guardian.
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Denne historien er fra August 20, 2024-utgaven av The Business Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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LG nods to deployment of CDVs
In a move to tackle the ongoing air pollution crisis in the national capital, Delhi Lieutenant Governor VK Saxena on Wednesday approved the redeployment of Civil Defence Volunteers (CDVs) for a four-month period from November 1, 2024, to February 28, 2025.
Delhi has become gas chamber, AAP responsible for all this: BJP
Bharatiya Janata Party leader Shehzad Poonawalla on Wednesday wore a gas mask as the pollution level rises in the Delhi-NCR region and said that the national capital has become a gas chamber.
Police nab wanted shooter Mogli, Gogi Gang member
The Special Cell of Delhi Police on Wednesday arrested the third Gogi gang member in connection with the November 4 firing incidents in Nangloi and Alipur areas.
Winter action plan: Govt to set up 250 pagoda tents for homeless
The Delhi government has rolled out a winter action plan for the homeless as part of which 200-250 pagoda tents with a capacity to accommodate around 2,000 people will be set up and 16 rescue teams will be formed.
DELHI'S AQI HITS 'SEVERE': WORST IN COUNTRY THIS SEASON
Bihar's Hajipur, with an AQI of 417, had the second-worst reading in the country
LG appeals to CM to hike EWS limit to 5 lakh
The lieutenant governor noted that as per the minimum wages notified by the Delhi government the annual income of skilled workers (Rs 21,917X12= Rs 2.63 lakh) is more than the proposed threshold limit of Rs 2.5 lakh.
Delhi court grants bail to Vivo India official in PMLA case
Delhi's Patiala House Court on November 11 granted regular bail to Chinese national Guangwen, alias Andrew, in the Vivo Mobile money laundering case.
Gujarat High Court Rejected Temporary Bail Of Convict For Father's Treatment: 2002 Sabarmati Express Burning Case
The Gujarat High Court in the case Faruk Mohmmad Bhana Through Imran Faruk Bhana Versus State Of Gujarat And Anr observed and has rejected the temporary bail petition filed by a man who is convicted in the year 2002 Sabarmati Express train burning case, seeking for carrying out the medical treatment of his 95-year-old father.
Calcutta High Court On Plea Against Use Of Loudspeakers Near School For Specially-Abled Children: 'Puja Committee Thinks They Are Bigger Than God'
The Calcutta High Court in the case Prajna Paromita Sen And Anr. Versus State Of West Bengal And Ors observed that the use of loudspeakers and blocking of roads outside a specially-abled children's school for celebrating Jadadhatri puja, showed that the 'puja committee thinks they are bigger than the deity itself.
Punjab And Haryana High Court Referred Matter To CJ, Recommends Training: 'Pained And Shocked' Over Trial Judge Who Held Witness Guilty For Taking Contradictory Stand
The Punjab and Haryana High Court in the case Devender @ Sachin versus State Of Haryana observed and has expressed shock over the conduct of a judge who held the witness guilty for giving false statement because he took a contradictory stand before the police and the Court.
