Bank credit grew 18.2 per cent in Q1 of 2012-13

Gross bank credit grew 18.2 per cent year-on-year while aggregate deposits with scheduled commercial banks in the country grew 15.8 per cent as of end-June 2012, against growth rates of 17.3 per cent and 13.8 per cent, respectively, in January-March 2012.

Credit growth in the first quarter of the 2012-13 fiscal, however, was lower compared the year before rates of 20.3 per cent and 18.3 per cent, respectively, the Reserve Bank of India said in a release today.

The growth in gross bank credit and aggregate deposits was observed across all population groups.

The top hundred centres arranged according to the size of bank credit accounted for 78.0 per cent of gross bank credit and the top hundred centres arranged according to the size of deposits accounted for 68.7 per cent of the total deposits in the country.

Banks with outstanding credit of Rs10 crore or more accounted for 46.6 per cent of the offices, 78.9 per cent of deposits and 95.5 per cent of gross bank credit.

Banks with deposits of Rs10 crore or more accounted for 69.8 per cent of the bank offices, 97.6 per cent of aggregate deposits and 95.6 per cent of gross bank credit.

Nationalised banks, SBI and its associates, and private sector banks accounted for 51.3 per cent, 22.2 per cent and 18.9 per cent of gross bank credit, respectively and for 52.3 per cent, 22.2 per cent and 18.2 per cent of aggregate deposits, respectively.

The credit-deposit (C-D) ratio of all scheduled commercial banks as of 29 June 2012 stood at 76.7 per cent.

At the bank group level, C-D ratio of foreign banks (88.7 per cent), new private sector banks (80.9 per cent) and SBI and its associates (76.8 per cent) was higher than the all-India average, the release added.