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India’s Worst Deposit Crunch in 20 Years
April 21 , 2024
13 days
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- The credit-deposit ratio at its highest in at least 20 years as loan offtake rose across categories including home loans and other loans for consumption.
- The current credit-deposit ratio is at 80%, which is the highest it has been since 2015.
- The pace of growth of bank credit surpassed deposit growth in FY24.
- In FY24, deposits grew 13.5% to ₹204.8 trillion, non-food credit grew 20.2% to ₹164.1 trillion as on 22 March.
- In FY23, deposits grew 9.6% and credit 15.4%.
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