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During the October-December quarter, along with the bank credit, the deposit saw the recession, the reserve bank data released on Friday.
reserve Bank of India
During the October-December quarter, along with the bank credit, the deposit saw the recession, the reserve bank data released on Friday.
Bank Credit Growth (YOY) increased to 11.8 percent in December 2024 in December 2024 in December 2024, as compared to 11.7 percent increase in the July-September period by 11 percent.
Personal loans, which have a large stake in total credits (31.5 percent), recorded a moderation in the annual growth of 13.7 percent (15.2 percent one quarter) as per RBI data on RBI’s outstanding credit – December 2024 ‘December 2024’ December 2024 ‘December 2024’.
Credit for agriculture and industry sectors also yearned in development.
On the other hand, the bank borrowed for trade, finance and professional/ other services intensified during the third quarter of 2024-25.
Statistics have shown that in December 2024, the borrowing to public sector organizations increased by 5.4 percent, compared to 0.3 percent in the previous quarter. Its stake in the total credit was 13.6 percent.
“The bank charged more than 8 percent of the interest rate of less than 8 percent at more than half of the loan amount and about 16 percent loans were decreasing at less than 8 percent interest rate; The RBI said that the remaining loans were impacting 10 percent or the interest rate above.
In December 2024, the deposits with ‘Scheduled Commercial Banks – December 2024’ in December 2024 showed that the term deposit increased by 14.3 percent (YOY).
As a result, the share of term deposit in the total deposit amount from 60.3 percent to 62.1 percent a year ago.
The RBI further stated that the share of deposits at seven percent in the total term deposit or the interest rate above the interest rate increased from 61.4 percent to 70.8 percent in December 2024 to 70.8 percent.
“With the increase in turn on the term deposit, about 79.8 percent of the aged period collected during April-December 2024 was held in the original maturity bucket of one to three years; On an outstanding basis, this maturity bucket had more than two third deposits and one and 11 percent had high original maturity, “it said.
During April-December 2024, the 56.1 percent size of the total term deposit was ‘Rs 1 crore and up’ size.
In December 2024, senior citizens had 20.2 percent of the total deposits.
(This story has not been edited by News18 employees and a syndicated news agency has been published from feed – PTI,
