India Deposit Growth y/y

Country: India, INR
Importance: Low
Sector: Money
Last release
Actual
17.8%
Forecast
13.8%
Previous
14.7%
Next release
Actual
Coming in 11 days
Forecast
14.8%
Previous
17.8%
Date (GMT)
Reference
Actual
Forecast
23 Jun 2017
11.1%
9 Jun 2017
11.2%
26 May 2017
10.9%
12 May 2017
12.1%
28 Apr 2017
10.3%
14 Apr 2017
11.6%
31 Mar 2017
11.8%
17 Mar 2017
13.0%
3 Mar 2017
12.7%
17 Feb 2017
12.8%
3 Feb 2017
13.5%
20 Jan 2017
13.9%
6 Jan 2017
14.7%
23 Dec 2016
15.2%
9 Dec 2016
15.9%
25 Nov 2016
15.9%
11 Nov 2016
11.7%
28 Oct 2016
9.8%
14 Oct 2016
10.4%
30 Sep 2016
11.3%

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.