India Deposit Growth y/y

Country: India, INR
Importance:
Low
Sector: Money
Last release
Actual
12.7%
Forecast
12.8%
Previous
13.3%
Next release
Actual
Coming in 3 days
Forecast
12.7%
Previous
12.7%
Date (GMT)
Reference
Actual
Forecast
2 Feb 2018
5.7%
19 Jan 2018
5.1%
5 Jan 2018
4.5%
22 Dec 2017
4.0%
8 Dec 2017
3.3%
24 Nov 2017
3.5%
10 Nov 2017
8.1%
27 Oct 2017
9.2%
13 Oct 2017
9.8%
29 Sep 2017
8.7%
15 Sep 2017
10.0%
1 Sep 2017
9.6%
18 Aug 2017
10.3%
4 Aug 2017
10.8%
21 Jul 2017
10.4%
7 Jul 2017
10.7%
23 Jun 2017
11.1%
9 Jun 2017
11.2%
26 May 2017
10.9%
12 May 2017
12.1%

India's Deposit Growth y/y reflects a change in bank deposits in the given quarter compared to the same period a year ago. Expansion in deposits indicates public loyalty towards the banking sector and a positive view on the economy as a whole. In addition, deposits increase money turnover in the country's financial sector and expand lending opportunities. Therefore, the indicator growth can be seen as positive for the Indian rupee.