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Data● Neutral for Indian equities
RBI Bulletin: Credit-Deposit Ratio Exceeding 80% Does Not Indicate Funding Vulnerability
The brief
- Bank credit growth has outpaced aggregate deposits, pushing the credit-deposit ratio above 80% since FY23
- The RBI Bulletin says a ratio above 80% does not indicate funding vulnerability
- The RBI assessment informs funding concerns for Indian banks
- Nomura expects RBI to raise rates by up to 50 bps by December
- HDFC Bank CEO's to-do list in coming weeks: Growth, Casa, investor trust
- Corporate debt maturities set to test US borrowers as rates rise
- Bank deposits, credit shrink in fortnight to September 15
- Credit-card spending growth slows to 5.5% in August; SBI Cards loses share