RBI says bank deposits grew 10.6% on year in FY25 vs 13.0% yr ago
This story was originally published at 20:51 IST on 30 May 2025
Register to read our real-time news.Informist, Friday, May 30, 2025
MUMBAI – Deposits with scheduled commercial banks grew 10.6% in 2024-25 (Apr-Mar), lower than 13.0% reported a year ago, the Reserve Bank of India said in a publication Friday. The data is net of mergers, it said.
A dominant share of deposits came from bank branches in metropolitan areas, which recorded a 11.7% year on-year growth in March. Growth in rural areas was 10.1%, in semi-urban areas was 8.9% and urban areas was 9.3% on year, the publication said. The household segment made up the largest share of scheduled commercial banks as it stood at 60.2% of total deposits. Female depositors' share remained the same as last year at 20.7% in March.
The share of term deposits of INR 10 million and above rose to 45.1% in March, from 43.7% a year ago. As of March, share of senior citizens' deposits was 20.2% of total deposits, the release said.
The share of term deposits with interest rate of 7% and above increased to 72.7% for the reporting year compared with 64.2% in FY24, the release said. End
Reported by Cassandra Carvalho
Edited by Akul Nishant Akhoury
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
