RBI releases ‘Quarterly Statistics on Deposits, Credit of Scheduled Commercial Banks for December 2016’

New Delhi [India], Mar 1 : The Reserve Bank of India (RBI) on Wednesday released its quarterly statistics on Deposits and Credit of Scheduled Commercial Banks (SCBs) as on December 31, 2016.

On a year-on-year (y-o-y) basis, aggregate deposits grew at an accelerated pace in all population groups (except in metropolitan areas) and for all bank groups; on the other hand, however, bank credit decelerated across all population groups and bank groups.

Term deposits constituted the highest share in aggregate deposits in all population groups, except in rural areas where savings deposits (53.4 percent) recorded the major share.

Metropolitan bank branches continued to contribute the largest share of aggregate deposits (51.6 percent) and total bank credit (65.6 percent).

Public sector banks continued to lead, accounting for 70.6 per cent of aggregate deposits and 66.2 per cent of total bank credit.

The survey revealed a concentration of deposits and credit in seven states, namely, Maharashtra, National Capital Territory (NCT) of Delhi, Tamil Nadu, Karnataka, Uttar Pradesh, West Bengal and Gujarat.

The credit-deposit (C-D) ratio of all SCBs at all-India level came down to 70.6 percent by end-December 2016 from 74.5 percent a quarter ago, with Maharashtra (106.5 percent), Tamil Nadu (100.8 percent), Chandigarh (100.0 percent), Telangana (96.7 percent), Andhra Pradesh (91.4 percent) and NCT of Delhi (84.5 percent) recording C-D ratios above the all-India average.

Source: ANI