India Deposit Growth y/y

Country:
India
INR, Indian rupee
Sector:
Money
Low 11.1% 13.0%
12.6%
Last release Importance Actual Forecast
Previous
11.9%
11.1%
Next release Actual Forecast
Previous
  • Overview
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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
28 Jun 2024
11.1%
13.0%
12.6%
14 Jun 2024
12.6%
13.3%
12.7%
31 May 2024
12.7%
13.5%
13.3%
17 May 2024
13.3%
13.4%
13.6%
3 May 2024
13.6%
13.3%
13.3%
19 Apr 2024
13.3%
13.3%
13.8%
5 Apr 2024
13.8%
13.4%
13.5%
22 Mar 2024
13.5%
13.4%
13.7%
8 Mar 2024
13.7%
13.4%
13.1%
23 Feb 2024
13.1%
13.4%
13.6%
9 Feb 2024
13.6%
13.2%
13.2%
26 Jan 2024
13.2%
13.5%
13.1%
12 Jan 2024
13.1%
13.3%
13.2%
29 Dec 2023
13.2%
14.1%
14.0%
15 Dec 2023
14.0%
13.5%
13.4%
1 Dec 2023
13.4%
13.6%
13.6%
17 Nov 2023
13.6%
13.5%
13.5%
3 Nov 2023
13.5%
13.5%
13.4%
20 Oct 2023
13.4%
13.4%
13.6%
6 Oct 2023
13.6%
13.4%
13.2%
22 Sep 2023
13.2%
13.4%
13.6%
8 Sep 2023
13.6%
13.4%
13.2%
25 Aug 2023
13.2%
13.2%
13.5%
11 Aug 2023
13.5%
13.1%
12.9%
28 Jul 2023
12.9%
13.1%
13.2%
14 Jul 2023
13.2%
12.6%
13.0%
30 Jun 2023
13.0%
12.0%
12.1%
16 Jun 2023
12.1%
11.4%
11.8%
2 Jun 2023
11.8%
10.6%
10.9%
19 May 2023
10.9%
10.3%
10.4%
5 May 2023
10.4%
10.2%
10.2%
21 Apr 2023
10.2%
9.9%
10.2%
7 Apr 2023
10.2%
9.9%
9.6%
24 Mar 2023
9.6%
10.2%
10.3%
10 Mar 2023
10.3%
10.1%
10.1%
24 Feb 2023
10.1%
10.3%
10.2%
10 Feb 2023
10.2%
10.5%
10.5%
27 Jan 2023
10.5%
9.9%
10.6%
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%

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