Banks struggling to mobilise large deposits; C-D ratio rises to 80%: Report

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Banks struggling to mobilise large deposits; C-D ratio rises to 80%: Report - Business Standard

Quick Summary:

Outstanding credit disbursed by Scheduled Commercial Banks (SCBs) was at the highest level in 2023-24 amounting to Rs 1,64,98,006 crore, whereas in percentage terms, the growth of Credit-to-Deposit(C-D) ratio rose from 75.8 per cent to 80.3 per cent, Infomerics Ratings said in a report.

Banks struggled to mobilise large deposits to meet the increasing credit demand in the last two financial years, a report said.

It may be observed that there was a much higher growth of credit of the SCBs compared to the growth of deposits, even as per the Quarter-on-Quarter (QoQ) basis, it said.