Banks' deposit growth dips to 10.6%; credit growth at 13.9% as on June 28

Quick Summary:

The deposit base of banks expanded by 10.64 per cent Y-o-Y to Rs 211.95 trillion.

If we exclude the merger impact, the C/D ratio for the fortnight ending June 14, 2024 stood at 77.9% compared to 75.5% on June 16, 2023.

The growth figures exclude the impact of the merger of HDFC with HDFC Bank, which came into effect on July 1, 2023.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Banking sector Bank deposits RBI Bank credit growth Credit growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 22:48:21 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 306 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21576650

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