Data Alert
Bank loans rose 11.9% on year as on Nov 1, deposits up 11.8%
This story was originally published at 14:45 IST on 14 November 2024
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--RBI: Banks' loans as on Nov 1 up INR 2.02 tln on fortnight
--RBI: Banks' loans as on Nov 1 at INR 174.40 tln, up 11.9% YoY
--CONTEXT: Banks' loans were up 11.5% YoY as on Oct 18
--RBI: Banks' deposits as on Nov 1 up INR 2.35 tln on fortnight
--RBI: Banks' deposits as on Nov 1 at INR 220.44 tln, up 11.8% YoY
--CONTEXT: Banks' deposits were up 11.7% YoY as on Oct 18
--RBI: Banks' investments on Nov 1 up INR 679.71 bln on fortnight
--RBI: Banks' investments on Nov 1 at INR 65.57 tln, up 7.3% YoY
--CONTEXT: Banks' investments were up 7.2% YoY as on Oct 18
MUMBAI – Bank loans rose 11.9% on year to INR 174.40 trillion as on Nov. 1, according to data released by the Reserve Bank of India. On a fortnightly basis, the loans were up INR 2.02 trillion. Bank deposits were up 11.8% on year at INR 220.44 trillion as on Nov 1. On a fortnightly basis, the deposits grew 2.35 trillion.
Investments by banks as of Nov. 1 rose 7.3% on year to INR 65.57 trillion. On a fortnightly basis, the investments were up INR 679.71 billion.
In the fortnight to Oct. 18, the on-year growth in bank deposits had outpaced the growth in loans for the first time since April 2022, the RBI data showed. Bank deposits had grown 11.7% on year as on Oct. 18 and loans rose by 11.5%. Investments were up 7.2% on year as on Oct. 18.
Scheduled Commercial Banks (including RRBs):
===========================================
| Scheduled Commercial Banks (including RRBs) | 03-Nov-2023 (in INR billion) * | 18-Oct-2024 (in INR billion) * | 01-Nov-2024 (in INR billion) * |
| I. Liabilities to the Banking System (A) | |||
| a) Demand & time deposits from banks** | 2426.87 | 2940.03 | 2902.87 |
| b) Borrowings from banks | 1956.03 | 1307.76 | 1358.93 |
| c) Other demand & time liabilities | 728.33 | 232.57 | 246.05 |
| II. Liabilities to Others (A) | |||
| a) Deposits (other than from banks) | 197120.89 | 218083.32 | 220435.37 |
| i) Demand | 22887.42 | 25446.08 | 25627.00 |
| ii) Time | 174233.48 | 192637.24 | 194808.38 |
| b) Borrowings @ | 8329.68 | 8653.97 | 8634.54 |
| c) Other demand & time liabilities | 8819.50 | 9506.16 | 9488.45 |
| III. Borrowings from RBI (B) | 638.16 | 77.56 | 90.32 |
| Against usance bills and / or promissory Notes | 0.00 | 0.00 | 0.00 |
| IV. Cash | 947.05 | 912.69 | 929.57 |
| V. Balances with RBI (B) | 9342.36 | 9845.41 | 9919.70 |
| VI. Assets with Banking System | |||
| a) Balances with other banks | |||
| i) In current accounts | 102.30 | 92.11 | 107.19 |
| ii) In other accounts | 1781.98 | 2008.26 | 1957.29 |
| b) Money at call & short notice | 306.35 | 179.47 | 219.35 |
| c) Advances to banks (i.e., due from banks)# | 517.55 | 468.94 | 436.05 |
| d) Other assets | 940.18 | 650.22 | 607.70 |
| VII. Investments (at Book Value ) | 61128.85 | 64893.81 | 65573.53 |
| a) Central & State Govt.securities+ | 61116.26 | 64886.41 | 65567.90 |
| b) Other approved securities | 12.58 | 7.41 | 5.63 |
| VIII. Bank credit | 155845.26 | 172376.74 | 174398.92 |
| a) Loans, cash credits & overdrafts $ | 153139.77 | 169213.23 | 171261.65 |
| b) Inland bills purchased | 472.50 | 680.83 | 679.18 |
| c) Inland bills discounted | 1848.92 | 2102.39 | 2077.86 |
| d) Foreign bills purchased | 156.76 | 158.26 | 154.57 |
| e) Foreign bills discounted | 227.31 | 222.03 | 225.66 |
All Scheduled Banks:
===================
| ALL SCHEDULED BANKS (including RRBs) | 03-Nov-2023 (in INR billion) * | 18-Oct-2024 (in INR billion) * | 01-Nov-2024 (in INR billion) * |
| I. Liabilities to the Banking System (A) | |||
| a) Demand & time deposits from banks** | 2460.92 | 2986.12 | 2947.78 |
| b) Borrowings from banks | 1961.54 | 1308.06 | 1360.43 |
| c) Other demand & time liabilities | 735.72 | 235.86 | 249.40 |
| II. Liabilities to Others (A) | |||
| a) Deposits (other than from banks) | 201445.01 | 222651.68 | 225017.10 |
| i) Demand | 23351.48 | 25931.26 | 26124.67 |
| ii) Time | 178093.52 | 196720.42 | 198892.43 |
| b) Borrowings @ | 8380.54 | 8700.10 | 8684.64 |
| c) Other demand & time liabilities | 8957.46 | 9621.63 | 9612.69 |
| III. Borrowings from RBI (B) | 638.16 | 77.56 | 90.32 |
| Against usance bills and / or promissory Notes | 0.00 | 0.00 | 0.00 |
| IV. Cash | 970.76 | 938.65 | 959.10 |
| V. Balances with RBI (B) | 9542.07 | 10042.72 | 10120.90 |
| VI. Assets with Banking System | |||
| a) Balances with other banks | |||
| i) In current accounts | 130.25 | 118.33 | 143.94 |
| ii) In other accounts | 2152.29 | 2502.72 | 2449.64 |
| b) Money at call & short notice | 423.02 | 315.03 | 338.18 |
| c) Advances to banks (i.e., due from banks) # | 523.77 | 475.29 | 442.25 |
| d) Other assets | 964.34 | 682.69 | 638.95 |
| VII. Investments (at Book Value ) | 62622.16 | 66412.90 | 67100.41 |
| a) Central & State Govt.securities+ | 62549.01 | 66319.46 | 67017.77 |
| b) Other approved securities | 73.15 | 93.44 | 82.64 |
| VIII. Bank credit | 159913.15 | 176847.75 | 178935.23 |
| a) Loans, cash credits & overdrafts $ | 157178.75 | 173651.25 | 175765.30 |
| b) Inland bills purchased | 472.61 | 696.18 | 694.10 |
| c) Inland bills discounted | 1871.54 | 2113.65 | 2089.28 |
| d) Foreign bills purchased | 159.05 | 160.65 | 157.03 |
| e) Foreign bills discounted | 231.21 | 226.03 | 229.51 |
* Provisional figures incorporated in respect of such banks as have not been able to submit final figures.
Notes :
(A) Demand and Time Liabilities do not include borrowings of any Scheduled State Co-operative Bank from State Government and any reserve fund deposits maintained with such banks by any co-operative society within the areas of operation of such banks.
** This excludes deposits of Co-operative Banks with Scheduled State Co-operative Banks. These are included under item II (a).
@ Other than from Reserve Bank, National Bank for Agriculture and Rural Development and Export Import Bank of India.
(B) The figures relating to Scheduled Commercial Banks' Borrowings in India from the Reserve Bank and balances with the Reserve Bank are those shown in the statement of affairs of the Reserve Bank. Borrowings against usance bills and/ or promissory notes are under Section 17(4)(c) of the Reserve Bank of India Act, 1934.
# This excludes advances granted by Scheduled State Co-operative Banks to Co-operative banks. These are included under item VIII (a).
+ Includes Treasury Bills, Treasury Deposits, Treasury Savings Certificates and postal obligations.
$ Includes advances granted by Scheduled Commercial Banks and State Co-operative Banks to Public Food Procurement Agencies viz. Food Corporation of India, State Governments and their agencies under the Food Consortium.
| Food Credit Outstanding as on | |||
| (in INR Billions) | |||
| Date | 03-Nov-2023 * | 18-Oct-2024 * | 01-Nov-2024 * |
| Scheduled Commercial Banks | 228.03 | 186.54 | 300.55 |
| State Co-operative Banks | 491.02 | 496.25 | 506.18 |
The expression 'Banking System' or 'Banks' means the banks and any other financial institution referred to in sub-clauses (i) to (vi) of clause (d) of the explanation below Section 42(1) of the Reserve Bank of India Act, 1934.
No. of scheduled commercial banks as on current fortnight: 135
End
Reported by Kshipra Petkar
Compiled by Shaheed Shaikh
Edited by Ashish Shirke
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