Banks continued to garner deposits at a fast pace over the period under consideration, with year-on-year growth of 11.1 per cent, up from 10.8 per cent in the previous fortnight. The pace of growth in deposits was at par with the trend seen during the same period last year.
The outstanding deposits of the banking system stood at Rs 141.61 trillion at the end of July 2020. With a widening gap in the pace of deposit accretion and loan expansion, the credit to deposit ratio (C\D) has been falling every fortnight. The C\D ratio was 72.49 per cent by the end of July, down from 73.48 per cent in early June, the RBI data showed.
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