Credit Growth By Banks Accelerates To 14.2% During April-June 2022: RBI Data


In an indication of the economic recovery, growth in loans extended by scheduled commercial banks (SCBs) picked pace to 14.2 percent in the June 2022 quarter, compared with 6 percent in the year-ago quarter. On a sequential basis also, the growth is higher as compared with 10.8 percent in the March 2022 quarter. The credit growth has been broad-based, according to the latest RBI data.

“Credit growth (y-o-y) accelerated further to 14.2 percent in June 2022 from 6 percent a year ago and 10.8 percent a quarter ago. Credit growth has been broad-based: all the population groups (i.e., rural, semi-urban, urban, and metropolitan), all the bank groups (i.e., public/private sector banks, foreign banks, RRBs, and SFBs), and all the regions of the country (i.e., central, eastern, north-eastern, northern, southern and western) recorded double-digit annual credit growth in June 2022,” said the RBI in its ‘Quarterly Statistics on Deposits and Credit of SCBs: June 2022’.

The data is collected from all scheduled commercial banks (SCBs), including regional rural banks (RRBs), small finance banks (SFBs), and payments banks (PBs).


It added that aggregate deposit growth (y-o-y) has remained in the range of 9.5-10.2 percent during the last five quarters: Metropolitan branches continue to account for over half of the bank deposits and their share increased marginally over the last year.

“The share of current account and savings account (CASA) deposits in total deposits has been increasing over the last three years (42.0 percent, 43.8 percent, and 44.5 percent in June of 2020, 2021, and 2022, respectively),” the central bank said.

The data also showed that as credit growth is outpacing deposit growth in the recent period, the credit-deposit (C-D) ratio has been on the rise. In June 2022, the C-D ratio stood at 73.5 percent at the all-India levels (70.5 percent a year ago) and 86.2 percent for metropolitan branches of banks (84.3 percent a year ago).


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