Connect with us

Hi, what are you looking for?

Banking

Private banks’ credit growth accelerated to 15% in Q4


According to the Reserve Bank of India’s quarterly statistics on deposits and credit of scheduled commercial banks (SCBs) released on Wednesday, bank credit growth (y/y) increased steadily over the successive quarters of FY 2021-22 and reached double digits in March 2022. These data are collected from all SCBs (including regional rural banks, small finance banks and payments banks) under the Basic Statistical Return (BSR) – 7 system.

Credit growth in metropolitan areas, which account for the majority of SCB credit, was 9.7% (y/y) in March 2022 (1.7% a year ago); credit growth in urban, semi-urban, and rural areas remained in the double digits in all quarters of 2021-22.

Private sector banks maintained double digit growth in credit (y/y) which accelerated in successive quarters to reach 15.1 %in March 2022. Growth in lending by public sector banks improved significantly to 7.8% in March 2022 from 3.6 %a year ago.

Aggregate deposits growth (y/y) moderated to 10.2% in March 2022 (12.3% a year ago); deceleration in deposit growth was observed across all bank groups. The share of current account and savings account (CASA) deposits in total deposits rose marginally and it stood at 45.1% in March 2022; CASA deposits had 55.6% share in incremental deposits during 2021-22. The all-India credit-deposit (C-D) ratio improved marginally to 71.9% in March 2022 (71.5 % a year ago).

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PR Newswire

Copyright © Glocal Infomart Pvt Ltd. All rights reserved. Usage of content from website is subject to Terms and Conditions.