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Q3 bank credit growth down to 10%

Public sector banks together accounted for 73.3 percent share in aggregate deposits and 71.2 percent share in gross bank credit, followed by private sector banks at 19.2 percent in aggregate deposits and 21 percent in gross bank credit at end-December 2014.

Q3 bank credit growth down to 10%

Gross bank credit grew by 10.1 percent in the December quarter as against 14.2 percent growth registered in the year-ago period, according to the RBI data. Aggregate deposits grew 10.9 percent in the period which was slower than 15.4 percent registered in the year-ago quarter. “The deceleration in aggregate deposits as well as gross bank credit was broad-based and observed across all population groups,” RBI said.

Public sector banks together accounted for 73.3 percent share in aggregate deposits and 71.2 percent share in gross bank credit, followed by private sector banks at 19.2 percent in aggregate deposits and 21 percent in gross bank credit at end-December 2014. Metropolitan branches, constituting 53.1 percent of aggregate deposits and 64.2 percent of gross bank credit, recorded the highest credit-deposit (CD) ratio at 92.3 percent, it said.

For other population groups, CD ratio was lower than the national level of 76.4 percent. The CD ratio was the highest for Tamil Nadu (121.1 percent) followed by Chandigarh (114.9 percent), Andhra (109.3 percent) and Telangana (106.4 percent).

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