Mumbai: The banking sector Extraordinary Loans grew 4.8% in the first quarter – from Rs 168.7 lakh crore by the end of March 2024 to Rs 176.8 lakh crore on June 28. Deposit grew by 5.3% from Rs 209.3 lakh crore to Rs 220.6 lakh crore.
Compared to last year, Loan The growth continued to outpace deposits, with the loan portfolio growing by 19.6% as of end-June 2023. However, this was largely due to the impact of the HDFC-HDFC Bank merger. If we exclude the effects of the merger, the year-on-year growth would be around 16.2%, which is still higher than the 12% growth in deposits. The growth in the deposit book during the first quarter has been around Rs 11.3 lakh crore, while the loan book has grown by Rs 8 lakh crore.
According to Macquarie's report, among the banks that have reported their business data so far, the average quarter-on-quarter growth has been 1.5% for public sector banks and 0.2% for private banks. In deposits, the average quarter-on-quarter growth has been 0.3% for public sector banks and 0.6% for private banks.
Compared to last year, Loan The growth continued to outpace deposits, with the loan portfolio growing by 19.6% as of end-June 2023. However, this was largely due to the impact of the HDFC-HDFC Bank merger. If we exclude the effects of the merger, the year-on-year growth would be around 16.2%, which is still higher than the 12% growth in deposits. The growth in the deposit book during the first quarter has been around Rs 11.3 lakh crore, while the loan book has grown by Rs 8 lakh crore.
According to Macquarie's report, among the banks that have reported their business data so far, the average quarter-on-quarter growth has been 1.5% for public sector banks and 0.2% for private banks. In deposits, the average quarter-on-quarter growth has been 0.3% for public sector banks and 0.6% for private banks.