India Deposit Growth y/y

Country:
India
INR, Indian rupee
Sector:
Money
Low 10.6% 9.3%
9.2%
Last release Importance Actual Forecast
Previous
9.9%
10.6%
Next release Actual Forecast
Previous
  • Overview
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  • History
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India's Deposit Growth y/y reflects a change in bank deposits in the given quarter compared to the same period a year ago. The Reserve Bank of India conducts a survey among the country's commercial banks to collect data for the indicator calculation.

Deposits refer to money accepted by banks from the population for safekeeping. The statistics reflect current deposits, savings bank deposits and time deposits. The indicator covers data on depository accounts, certificates of deposit (excluding interbank CDs), depository accounts of bank employees in their own banks, negative balances on credit accounts. The statistics do not cover the accounts that cannot be defined as depository, as well as bank checks, payment orders and other obligations that were issued but were not repaid.

Deposits readings are considered in the combined analysis with data on loans. A slowdown in bank deposits along with an increase in demand for loans can cause a gap in the national financial system liquidity.

Expansion in deposits indicates public loyalty towards the banking sector and a positive view on the economy as a whole. In addition, deposits increase money turnover in the country's financial sector and expand lending opportunities. Therefore, growth in deposits can be seen as positive for the Indian rupee.

Last values:

actual data

forecast

The chart of the entire available history of the "India Deposit Growth y/y" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
13 Jan 2023
10.6%
9.3%
9.2%
30 Dec 2022
9.2%
9.6%
9.4%
16 Dec 2022
9.4%
9.7%
9.9%
2 Dec 2022
9.9%
8.9%
9.6%
18 Nov 2022
9.6%
8.8%
8.2%
4 Nov 2022
8.2%
9.5%
9.5%
21 Oct 2022
9.5%
9.4%
9.6%
7 Oct 2022
9.6%
9.3%
9.2%
23 Sep 2022
9.2%
9.5%
9.5%
9 Sep 2022
9.5%
9.1%
9.5%
26 Aug 2022
9.5%
8.9%
8.8%
12 Aug 2022
8.8%
8.7%
9.1%
29 Jul 2022
9.1%
9.1%
8.4%
15 Jul 2022
8.4%
9.0%
9.8%
1 Jul 2022
9.8%
8.8%
8.3%
17 Jun 2022
8.3%
9.5%
9.3%
3 Jun 2022
9.3%
9.7%
9.7%
20 May 2022
9.7%
9.7%
9.7%
6 May 2022
9.7%
9.9%
9.8%
22 Apr 2022
9.8%
9.5%
10.1%
8 Apr 2022
10.1%
8.8%
8.9%
25 Mar 2022
8.9%
8.7%
8.8%
11 Mar 2022
8.8%
8.8%
8.6%
25 Feb 2022
8.6%
8.7%
9.1%
11 Feb 2022
9.1%
8.8%
8.3%
28 Jan 2022
8.3%
9.8%
9.3%
14 Jan 2022
9.3%
9.9%
10.3%
31 Dec 2021
10.3%
9.1%
9.6%
17 Dec 2021
9.6%
9.6%
9.4%
3 Dec 2021
9.4%
10.5%
9.8%
19 Nov 2021
9.8%
10.9%
11.4%
5 Nov 2021
11.4%
9.9%
9.9%
22 Oct 2021
9.9%
9.4%
10.2%
8 Oct 2021
10.2%
8.8%
9.3%
24 Sep 2021
9.3%
9.5%
9.3%
10 Sep 2021
9.3%
10.3%
9.5%
27 Aug 2021
9.5%
10.7%
10.6%
13 Aug 2021
10.6%
10.3%
9.8%
30 Jul 2021
9.8%
10.4%
10.7%
16 Jul 2021
10.7%
9.8%
9.8%
2 Jul 2021
9.8%
10.1%
10.3%
18 Jun 2021
10.3%
9.8%
9.7%
4 Jun 2021
9.7%
9.9%
9.7%
21 May 2021
9.7%
9.6%
9.9%
7 May 2021
9.9%
9.8%
10.3%
23 Apr 2021
10.3%
10.4%
10.9%
9 Apr 2021
10.9%
11.5%
11.4%
26 Mar 2021
11.4%
12.5%
12.1%
12 Mar 2021
12.1%
12.4%
12.1%
26 Feb 2021
12.1%
11.7%
11.8%

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