Banks, on their part, scaled back to reduce credit-deposit ratio amid thinning deposits. Both measures have had their desired impact, with unsecured loan growth slowing to low single-digits.

In the primary market, issuances of CDs grew by 34 percent on-year to reach an all-time high of Rs 10.58 lakh crore during 2024-25 (up to March 7, 2025), RBI bulletin said.

As of March 7, outstanding deposits stood at Rs 181.28 trillion, while outstanding credit reached Rs 225.10 trillion. With liquidity remaining tight and deposit mobilisation under pressure ...

The deposit growth exceeding credit growth during the reporting fortnight may help bring down the incremental credit-deposit ratio. According to RBI’s latest monthly bulletin, Scheduled ...