• SMC open account icon Open an A/C
    • Open an A/C
    • CHOOSE YOUR OPTION(S)
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

Budget News

  • Bank credit growth at 7.6% as on 03 January 2020
  • January 16,2020  16:00
  • The credit growth of scheduled commercial banks (SCBs) has improved to 7.6% YoY to Rs 10044845 crore as on 03 January 2020, compared with 7.1% growth a fortnight ago. However, the credit growth has decelerated from 14.8% at end January 2019.

    Non-food credit, accounting for 99.2% of the share of the total credit, recorded a growth of 7.5%, YoY, to Rs 9961343 crore as on 03 January 2020 as against a rise of 7.1% fortnight ago and 13.8% rise a year ago.

    Food credit moved up 15.4% to Rs 83502 crore as on 03 January 2020.

    Aggregate deposits growth of the scheduled banks increased 9.8% YoY at Rs 13210358 crore as on 03 January 2020, compared with 10.1% growth a fortnight ago and 9.6% rise a year ago. The time deposits showed an increase of 9.7% at Rs 11842466 crore, while the demand deposits moved up 10.9% to Rs 1367893 crore as on 03 January 2020.

    The overall credit-deposit ratio declined on sequential basis to 76.0% as on 03 January 2020 from 76.5% a fortnight ago and 78.0% in January 2019 with the faster growth in deposits.

    The banks investment in government and other approved securities that qualify for treatment of statutory liquidity ratio jumped 11.5% YoY to Rs 3771250 crore as on 03 January 2020, showing acceleration in growth from 10.9% increase a fortnight ago. The banks investment had declined 0.1% in January 2019. The investment-deposit ratio rose to 28.5% as on 03 January 2020, which is much higher above the Statutory Liquidity Ratio of 18.25%.

    Powered by Capital Market - Live News

Top News
Global News

Follow us:

  • fb icon
  • Twitter icon
  • Linkedin
  • you tube

Disclaimer: Investment in securities and commodities market are subject to market risks, read all the related documents carefully before investing. SMC Global Securities Ltd. (CIN : U67120DL1997PLC188881): NSE INB/ INF/INE 230771431, BSE INB/INF 011343937, MSEI INB/INF 260771432, CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH 100001849 I SMC Comtrade Ltd.: NCDEX/MCX (8200)/ NMCE/ICEX-INZ000035839 I SMC Investments and Advisors Ltd.: PMS INP000003435 I SMC Insurance Brokers Pvt. Ltd., IRDAI Regi: No: DB 272/04, License No. 289 Valid upto 27/01/2020 I Registered Office: 11/6B, Shanti Chamber, Pusa Road, New Delhi-110005, Tel.: (011) 30111000. For any complaints email – igc@smcindiaonline.com, website: www.smctradeonline.com

Insurance is the subject matter of solicitation • All insurance products sold through SMC Insurance Brokers Pvt. Ltd. • Investment Banking Services provided by SMC Capitals Ltd. • Equity PMS and Wealth management services provided by SMC Investments & Advisors Ltd. • IPOs and Mutual Funds distribution services are provided by SMC Global Securities Ltd. • Financing Services provided by Moneywise Financial Services Pvt Ltd. • Commodity broking services provided by SMC Comtrade Ltd. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.

OUR OTHER WEBSITES Go
IMPORTANT LINKS Go
QUICK LINKS
Go

Toll-free : 1800-11-0909
Email: contact@smctradeonline.com

Sitemap
Plus Minus 
Copyright ©2016 SMC. All Rights Reserved | Disclaimer | Privacy Policy | RMS Policy | Copyright| Testimonials| Sitemap| Grievance| design agency: triverse| Powered by C-MOTS Infotech (ISO 9001:2015 certified)
Open An Account

Open my trading account now!  X 

* All fields are compulsory