Trend shift? Bank deposits rise 4x versus credit offtake
Business Standard|November 19, 2022
Against the ongoing trend, scheduled commercial banks mobilised about four times more in deposits than the credit disbursed in the fortnight ended November 4.
Trend shift? Bank deposits rise 4x versus credit offtake

While the hard push at branches and aggressive deposit rate hikes are bearing fruit, such a wide gap appears to be an outlier and needs further scrutiny, said bankers.

Sequentially, credit rose by *0.43 trillion to 129.26 trillion and deposits grew by 1.7 trillion to 173.7 tril Reserve lion in the reporting fortnight, Bank of India (RBI) data showed.

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