Outstanding bank deposits and advances declined sharply in the fortnight ended September 15, with deposits falling by Rs 2.49 lakh crore as banks let high-cost bulk deposits mature. Reserve Bank of India data showed deposit growth easing to 17.3% and credit growth slipping to 18.1%, signalling a broad recalibration in bank funding and lending strategies.
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"Bank Deposits, Credit Shrink in Fortnight to September 15 as High-Cost Funds Mature"
Outstanding bank deposits and advances declined sharply in the fortnight ended September 15, with deposits falling by Rs 2.49 lakh crore as banks let high-cost bulk deposits mature. Reserve Bank of India data showed deposit growth easing to 17.3% and credit growth slipping to 18.1%, signalling a broad recalibration in bank funding and lending strategies.
Bank Deposits, Credit Shrink in Fortnight to September 15 as High-Cost Funds Mature
R
RDU Global Wire
Banking, Fintech & Insurance Desk
New Delhi, India Just now (05:02 PM IST)•5 min read
Outstanding bank deposits and advances declined sharply in the fortnight ended September 15, with deposits falling by Rs 2.49 lakh crore as banks let high-cost bulk deposits mature. Reserve Bank of India data showed deposit growth easing to 17.3% and credit growth slipping to 18.1%, signalling a broad recalibration in bank funding and lending strategies.
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