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

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

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.