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New Deposits Beat Loans in '24
Mint Mumbai
|January 15, 2025
Banks add over ₹2 trillion more in deposits than loans last year, leading to softening of credit-deposit ratio
Banks in India added more deposits than loans in 2024, leading to a softening of the credit-deposit ratio, even as deposit growth failed to keep pace with advances, showed latest data from the Reserve Bank of India.
The gap between deposits and non-food credit widened to over ₹2 trillion last year, higher than ₹1.3 trillion in 2023. Non-food credit is bank credit adjusted for loans given to the Food Corporation of India (FCI). In 2022, per RBI data, the gap between deposits and loans was ₹2.6 trillion. Data for 2023 exclude the impact of the HDFC Ltd and HDFC Bank merger that added to the banking sector's loans and deposits.
Lenders faced a deposit crunch in 2024 as credit growth outstripped the rise in deposits. While credit growth cooled subsequently, credit still outstripped deposits in December.
Cette histoire est tirée de l'édition January 15, 2025 de Mint Mumbai.
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