Deposit-credit growth almost at par during November 1 fortnight: RBI data

Quick Summary:

However, experts believe credit growth will still outpace deposit growth going forward, as there is generally a pickup in credit activity in the fourth quarter.

Additionally, HDFC Bank, India’s largest private sector bank, has also moderated its credit growth to lower its high LDR, contributing to the overall slowdown in credit growth.

In terms of deposits, we expect growth of around 11-12 per cent for FY25, with private sector banks likely to lead the way in deposit mobilisation.

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Category: BusinessFinance

Markets: India

Topics: Deposit credit growth Credit growth Deposits in banks Bank credit growth Rbi

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 20:24:07 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 605 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 32 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23587812

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