Deposit Growth 3% - Currency Printed Rs.25 Lakh Cr in 5 Yrs
It is shocking deposit growth in 5th year of the government is barely4.9% on Jan18 which is 3% in per capita terms – ‘ZERO’ adjusted for inflation. TOI front page story also tell us –
Currency in Circulation is Rs.20.65 lakh cr – which was around Rs.11.5 Lakh Cr in March2014. There is Rs.9 Lakh Cr increase in Currency in Circulation and Rs.15.7 lakh cr was ‘RE-PRINTED’ – GoI Currency Printed = Rs.25 Lakh Crores.
Currency in Circulation touched a new high of Rs.20.65 lakh crore on January 18, 2019, way above the pre-demonetisation high of Rs.17.97 lakh crore.
Deposit growth during FY19 (up to January 18, 2019) at 4.9% has not been keeping pace with credit surge, which has grown 8.2% during the same period, making it difficult for banks to cut interest rates.
“Traditionally, -- We attribute this to the recovery in the informal sector,” said Bhandari.
This year 90% of the CREDIT FLOWED to SERVICES & PERSONNAL LOANS.
March2014 vs FY2018-19 Credit Flow in Rs.billions or Rs.100 Cr
Mar2014
|
Item
|
Mar.30
|
Nov.23
|
Growth
|
55,296
|
1.2 Non-food Credit
|
76,884
|
80,931
|
4,047
|
6,659
|
1.2.1 Agriculture & Allied Activities
|
10,302
|
10,648
|
346
|
25,164
|
1.2.2 Industry
|
26,993
|
27,084
|
91
|
3,481
|
1.2.2.1 Micro & Small
|
3,730
|
3,630
|
(-)100
|
1,240
|
1.2.2.2 Medium
|
1,037
|
1,051
|
14
|
20442
|
1.2.2.3 Large
|
22,226
|
22,403
|
177
|
13,374
|
1.2.3 Services
|
20,505
|
22,538
|
2,033
|
10,096
|
1.2.4 Personal Loans
|
19,085
|
20,662
|
1.577
|
5 Years Credit Flows pattern show BJP Economic Policy –
41% Personal Loans, in 5 years,
35.6% Services Loans, in 5 years,
15.5% Agriculture, in 5 years &
7.4% Industry, in 5 years,
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