Tide turns: Deposit inflows outpace credit offtake

Care Ratings reported that since January 2024, credit growth has been slower than deposit growth by Rs 3.5 lakh crore. Additional credit reached Rs 8.4 lakh crore, while deposits grew by Rs 11.9 lakh crore. By July 12, 2024, the credit-to-deposit ratio was 79.4%, suggesting potential difficulties for future credit expansion.