The Reserve Bank of India (RBI) on Tuesday released data of Scheduled Commercial Banks (SCBs) deposit and credit performance for quarter ended September 30, 2017 (Q2FY18).

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Data compiled by RBI, showed that aggregate deposits and bank credit growth (y-o-y) decelerated across all population groups and bank groups in September 2017 from a quarter ago.

Aggregate deposits of SCBs recorded a single-digit growth rate of 8.2% in this quarter, compared to previous 12.6% in the previous quarter. While bank credit growth came down further to 6.5% in Q2 versus rate of 8% in June quarter.

Performance of private bank was better compared to state-owned one, despite recording moderation in these two indicators this Q2.

Private banks maintained a double-digit growth rate, as their deposit stood at 14.6% in Q2 compared to 19.7% growth in the preceding quarter. Credit growth however saw a gradual decline to 19% in this quarter versus 20.3% in June quarter.

The deposit growth of public sector banks (PSBs) stood at 6.9% in September quarter versus 11.1 in June quarter. The credit growth came in at 2.1% in Q2 as against 4.4% in June quarter.

However, credit-to-deposit ratio was better at 73.3% in September 2017 versus 72.8% in June quarter. Maharashtra, Tamil Nadu and Karnataka were the major states that recorded improvement in the ratio.

The quarterly data of RBI further said that share of current accounts and savings accounts (CASA) in aggregate deposits, which increased from 36.4% in September 2016 to 40.9% in December 2016 post-demonetisation, continued to remain around the same level in September 2017.

It may be noted that two-thirds of the total business of SCBs came from states like Maharashtra, National Capital Territory (NCT) of Delhi, Tamil Nadu, Karnataka, Uttar Pradesh, West Bengal and Gujarat.