RBI Releases 'Quarterly Statistics on Deposits and Credit of SCBs: June 2020’

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Today, the Reserve Bank released Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks (SCBs), June 2020 on its Database on Indian Economy (DBIE) portal (web-link: https://dbie.rbi.org.in/DBIE/dbie.rbi?site=publications#!3). Data on total credit and deposits disaggregated by type, are classified by states/union territories (UTs), districts, centres, population groups and bank groups. These data are collected from SCBs (including Regional Rural Banks and Small Finance Banks) under the Basic Statistical Return (BSR) – 7 systemStatistics>Data Releases> Fortnightly> Scheduled Bank’s Statement of Position in India) and aggregate level monthly Sectoral Deployment of Bank Credit data for June 2020 reported by selected banks had also been published on the RBI’s website (Home>Statistics>Data Releases>Monthly> Data on Sectoral Deployment of Bank Credit).”>1.

  • Bank credit growth (Y-o-Y) moderated to 6.4 per cent in June 2020 from 11.7 per cent a year ago; rural branches, however, continued to record double digit credit growth.

  • The deceleration in credit growth occurred across bank groups: credit growth (Y-o-Y) for private sector banks moderated to 7.2 per cent in June 2020 from 17.5 per cent a year ago but it remained higher than that for public sector banks (5.7 per cent).

  • Aggregate deposits growth (Y-o-Y) accelerated to 11.5 per cent in June 2020 as compared with 10.1 per cent a year ago: the increase was broad based across population groups and all bank groups recorded double digit growth in deposits.

  • The all-India credit-deposit (C-D) ratio declined to 73.1 per cent in June 2020 from 76.0 per cent in the previous quarter.

  • C-D ratio declined for most of the states in the latest quarter though it remained highest (90.9 per cent) for the metropolitan branches, which have the dominant share in banking business; it stood above 100 per cent for Andhra Pradesh, Chandigarh, the National Capital Territory (NCT) of Delhi and Tamil Nadu.

Director   

1 Aggregate data based on fortnightly ‘Form-A’ Return [collected under Section 42(2) of the RBI Act, 1934] for the reporting Fridays of June 2020 had been published earlier on the RBI’s website (Home>Statistics>Data Releases> Fortnightly> Scheduled Bank’s Statement of Position in India) and aggregate level monthly Sectoral Deployment of Bank Credit data for June 2020 reported by selected banks had also been published on the RBI’s website (Home>Statistics>Data Releases>Monthly> Data on Sectoral Deployment of Bank Credit).



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