NEW DELHI: Bank credit and deposit growth slowed in the October-December quarter of 2024, according to data released by the Reserve Bank of India. In December 2024, the annual bank credit growth fell to 11.8 per cent, against the 12.6 per cent recorded in September 2024. Similarly, aggregate deposit growth eased to 11 per cent…
MUMBAI: HDFC Bank‘s deposit base surpassed its advances for the first time after the merger of its parent housing finance company with the bank in July 2023. The country’s largest private bank disclosed its business figures for Q3 FY25 in a filing with the stock exchanges.The bank’s advances growth has slowed as part of its…
MUMBAI: Bank credit growth has slowed to 11.1% as of Nov 15, 2024 compared to 20.6% last year. Even after adjusting for the HDFC-HDFC Bank merger, growth remains slower at 12.4% versus 16.2% in 2023. There has also been a slowdown in deposit growth, albeit to a lesser extent. Compared to 13.6% deposit growth in…