Bank Credit-Deposit Ratio Continues To Hover Around The 80% Mark: CareEdge

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..CareEdge Research Report.Credit offtake continued to grow, increasing by 20.4% YoY to reach Rs 163.1 lakh crore, for the fortnight ending March 08, 2024. This rise can continue to be attributed to the impact of HDFC’s merger with HDFC Bank Ltd. along with the growth in personal loans. If we exclude the impact of the merger, credit grew at 16.5% YoY for the fortnight compared to last year’s growth of 15.7%. Sequentially credit grew by 0.7%. Meanwhile, the outlook for bank credit offtake continues to remain positive. Deposits too grew by 13.7% YoY for the fortnight (including the merger impact) and reached Rs 204.2 lakh crore as on March 08, 2024, driven by growth in time deposits. Excluding the merger impact, growth stood at 13.1%. Sequentially deposits grew by 1.1%. Deposit growth is expected to improve compared to earlier periods as banks shore up their liability franchise and ensure that deposit growth does not constrain credit offtake. The Short-term weighted average call rate stood at 6.52% as of March 15, 2024, compared to 6.42% on March 17, 2023, due to liquidity and pressure on short-term rates, also the rate is moving closer towards repo rate..Click on the attachment to read the full report:.Automobiles Sector Check - Premiumisation Trend Visible In Two-Wheelers, Passenger Vehicles: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Bank Credit-Deposit Ratio Continues To Hover Around The 80% Mark: CareEdge

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

Bank Credit-Deposit Ratio Continues To Hover Around The 80% Mark: CareEdge

Choose a plan

Follow Us

DOWNLOAD THE APP