Bank deposit and credit growth decelerates

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Bank deposit and credit growth decelerates
The growth in both aggregate deposits and gross bank credit decelerated to 13.5 per cent and 13.2 per cent, respectively, in June 2013 from their respective levels in the preceding quarter as well as a year ago. The growth in aggregate deposits and gross bank credit was lower across all population groups compared with a year ago.

According to a RBI statement, the top hundred centres, arranged according to the size of deposits accounted for 68.5 per cent of the aggregate deposits and the top hundred centres arranged according to the size of gross bank credit accounted for 76.9 per cent of gross bank credit.

The offices with deposits of Rs 100 million or more accounted for 70.3 per cent of the bank offices, 98.0 per cent of aggregate deposits and 95.0 per cent of gross bank credit. The offices with outstanding gross bank credit of Rs 100 million or more accounted for 49.3 per cent of the offices, 80.4 per cent of deposits and 96.0 per cent of gross bank credit.

Nationalised banks, SBI and its associates, and private sector banks accounted for 52.3 per cent, 22.3 per cent and 18.4 per cent of aggregate deposits, respectively, and for 50.2 per cent, 22.6 per cent and 19.5 per cent of gross bank credit, respectively.

The credit-deposit (C-D) ratio of all Scheduled Commercial Banks (SCBs) as on June 28, 2013 stood at 76.5 per cent. At the bank group level, C-D ratios of foreign banks (94.2 per cent), new private sector banks (83.5 per cent) and SBI and its associates (77.5 per cent) were higher than the all-India average.

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