Banking system LDR hits 81% all-time high as credit growth outpaces deposit mobilisation.

Key facts

• Banking system loan-to-deposit ratio reached an all-time high of 81%.
• HDFC Bank loans grew 12% year-on-year while deposits rose 11.5%.
• HDFC Bank gross advances stood at ₹28.44 lakh crore and total deposits at ₹28.59 lakh crore.
• Bank of Baroda global advances rose 14.57% year-on-year to ₹13.44 lakh crore and global deposits grew 10.25% to ₹15.47 lakh crore.
• Punjab National Bank global deposits increased 8.5% to ₹16.6 lakh crore and global advances expanded 11% to ₹12.32 lakh crore.
• Union Bank of India global deposits rose 3.4% to ₹12.22 lakh crore and advances grew 7.13% to ₹10.16 lakh crore.
• Axis Bank gross advances increased 14.1% to ₹11.70 lakh crore and deposits grew 15% to ₹12.60 lakh crore.
• Kotak Mahindra Bank net advances grew 16% to ₹4.80 lakh crore and deposits rose 14.6% to ₹5.42 lakh crore.
• Yes Bank advances rose 5.2% to ₹2.57 lakh crore and deposits grew 5.5% to ₹2.92 lakh crore.
• RBL Bank deposits increased 12% to ₹1.19 lakh crore and advances rose 13% to ₹1.04 lakh crore.
• IndusInd Bank net advances dropped 13.1% to ₹3.18 lakh crore and deposits fell 3.8% to ₹3.94 lakh crore.
• Bajaj Finance assets under management rose 22% year-on-year to around ₹4.85 lakh crore.
• Poonawalla Fincorp AUM grew 77.5% year-on-year to ₹55,000 crore.
• M&M Finance business assets grew about 12% to nearly ₹1.29 lakh crore.