Macroeconomic Indicators (23 April 2011)

The data available for the last Friday of March 2011 for scheduled commercial banks show that the year on year growth in aggregate deposits decelerated to 15.8% in 2010-11 from 22.4% in 2007-08, 19.9% in 2008-09 and 17.2% in 2009-10. The growth in bank credit decelerated from 22.3% in 2007-08 to 17.5% in 2008-09 and further to 16.9% in 2009-10, and then accelerated to 21.4% in 2010-11. As a result, the incremental credit-deposit ratio in 2010-11 rose to a high of 97.5% compared with 71.2% in 2009-10.