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On the other hand, deposits of the lender grew by 21 per cent on a YoY basis and 8.7 per cent sequentially, aggregating to Rs 18.8 trillion in Q4FY23. The banks’ retail deposits grew over a trillion (Rs 1.06 trillion) in the quarter and 23.5 per cent on a YoY basis. In the same period, wholesale deposits increased by 10 per cent YoY and 15.5 per cent sequentially.
The lenders’ current account savings account (CASA) deposits grew by 11.3 per cent YoY and 9.6 per cent sequentially in Q4FY23, aggregating to Rs 8.03 trillion. Retail CASA grew by around 12.5 per cent over March 31, 2022 and around 7.5 per cent over December 31, 2022. The banks’ CASA ratio stood at around 44.0 per cent as of March 31, 2023, as compared to 48.2 per cent as of March 31, 2022 and 44 per cent as of December 31, 2022.
First Published: Apr 03 2023 | 5:56 PM IST