Banks’ deposit in Jan-Mar up 14.2 pct at Rs 98.63 lakh cr

The credit in amount terms during the quarter was at Rs 55.42 lakh crore.

Written by PTI | Mumbai | Published:September 19, 2013 9:33 pm

Banks’ deposit growth in the quarter ended March 2013 at 14.2 per cent was higher from a year ago,when the deposits grew by 13.8 per cent,according to an RBI data released today.

During the quarter (January-March),the aggregate deposits stood at Rs 98.63 lakh crore,as per the data.

While,the growth in their credit at 15.1 per cent in March 2013 was lower than 17.3 per cent a year ago. The credit in amount terms during the quarter was at Rs 55.42 lakh crore.

Of these,the nationalised banks accounted for the highest share of 52.4 per cent of the aggregate deposits followed by the State Bank of India and its associates (22 per cent) and new private sector banks (13.6 per cent).

The share of old private sector banks,foreign banks,and regional rural banks in aggregate deposits was 5.1 per cent,4 per cent and 2.9 per cent,respectively.

In gross bank credit,nationalised banks accounted for the highest share (51 per cent) followed by SBI and its associates (22.7 per cent) and new private sector banks (14 per cent).

Old private sector banks,foreign banks and regional rural banks had relatively lower shares in the gross bank credit at 5 per cent,4.9 per cent and 2.5 per cent,respectively.

Also,the all-India credit-to-deposit ratio of all banks stood at 78.1 per cent in March 2013,it said.

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