India Banking Finance Tracker: Deposit and credit growth diverge

Updated: Aug 21 2014, 18:47pm hrs
For the fortnight ending 08 Aug14, credit growth decelerated sharply to 11.6%, from 13.3% the earlier fortnight. On the other hand, deposit growth increased to 13.9% from 13.0%. The credit-deposit ratio decreased 40bps against the previous fortnight, to 76.1%. SLR investments grew 10.5% yoy, well above the 6.6% of the previous fortnight. SLR, as percent of NDTL increased 30bps from the previous fortnight to 27.3%.

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