All bank groups recorded deceleration in credit growth during April-June 2019
The Reserve Bank has released Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks (SCBs) June 2019.Data on deposits disaggregated by type, and total credit are classified by states, districts, centres, population groups and bank groups. These data are collected from all SCBs, including regional rural banks (RRBs) and small finance banks (SFBs).
Aggregate deposits growth (y-o-y) moved back to double digits after two years; metropolitan branches achieved deposit growth of 10.0% (5.5% a year ago). Notwithstanding a modest pick-up, public sector banks continued to lag in deposit mobilisation.
Bank credit growth (y-o-y) decelerated marginally on account of lower growth in lending by urban and metropolitan branches. All bank groups recorded deceleration in credit growth during April-June 2019, with private sector banks leading other bank groups in growing loan portfolios.
One per cent of branches, which had each over Rs 500 crore loan portfolios accounted for about 54.7% of the total credit.
The all-India credit-deposit (C-D) ratio declined to 76.7% in June 2019 (78.2% a quarter ago). The C-D ratio was more than 100% for Andhra Pradesh, Chandigarh, Tamil Nadu, Telangana, Maharashtra and the National Capital Territory (NCT) of Delhi.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)