Business EconomyPosted at: Oct 6 2025 7:49PM


Bank credit growth outpaces deposits : CARE Ratings

Chennai, Oct 6 (UNI) Bank credit growth has continued to outpace deposits in the current fortnight, though overall credit offtake continues to trail significantly behind the levels seen during the same period last year, said credit rating agency CARE Ratings.
At the same time, deposit growth has slipped below the double-digit mark for the second fortnight in a row, after remaining above it for the past three months.
According to CARE Ratings, as of September 19, credit offtake stood at Rs. 189.0 lakh crore, reflecting a 10.4pc year-on-year rise, majorly due to credit expansion to micro and small enterprises.
This growth remains substantially lower than the 13pc growth recorded in the previous year (excluding the merger impact), attributed to the high base effect, slower lending to corporates, and reduced lending to non-banking finance companies (NBFC).
Deposits rose by 9.5pc year-on-year (y-o-y), totalling Rs. 235.5 lakh crore as of September 19, 2025, a decrease from 11.6pc the previous year (excluding merger impact).
The slower growth is attributed to a likely decline in bulk deposits, as banks offer relatively lower yields and shift towards alternative instruments, while just-in-time government fund releases also dampen deposit growth, CARE Ratings said.
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