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Reserve Bank of India Date : May 28, 2021 RBI releases Quarterly Statistics on Deposits and Credit of SCBs: March 2021 Today, the Reserve Bank releasedQuarterly Statistics on Deposits and Credit of Scheduled Commercial Banks (SCBs), March 2021on its Database on Indian Economy (DBIE) portal
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FAQ :
The Reserve Bank of India has released the 'Quarterly Statistics on Deposits and Credit of SCBs' for March 2021.
Bank credit growth (year-on-year) decelerated to 5.6 per cent in March 2021, down from 6.4 per cent a year prior.
Bank branches in rural areas recorded the highest credit growth at 14.5 per cent, followed by semi-urban areas at 14.3 per cent, and urban areas at 9.4 per cent during 2020-21.
Aggregate deposit growth accelerated to 12.3 per cent in March 2021, up from 9.5 per cent a year ago.
The share of Current Account and Savings Account (CASA) deposits in total deposits increased to 44.1 per cent in March 2021 from 42.1 per cent a year earlier.
The all-India credit-deposit ratio declined to 71.5 per cent in March 2021 from 76.0 per cent a year ago, due to lower credit growth compared to deposit growth.
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Notification No : Press Release: 2021-2022/282Published in Community & General
Source : https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=51647