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
22 Jul 2016
9.5%
8 Jul 2016
9.5%
24 Jun 2016
9.7%
10 Jun 2016
9.6%
27 May 2016
9.5%
13 May 2016
9.8%
29 Apr 2016
9.3%
15 Apr 2016
10.1%
1 Apr 2016
9.7%
18 Mar 2016
9.9%
4 Mar 2016
10.6%
19 Feb 2016
11.0%
5 Feb 2016
11.3%
22 Jan 2016
11.1%
8 Jan 2016
10.9%
25 Dec 2015
10.9%
11 Dec 2015
11.5%
27 Nov 2015
10.4%
13 Nov 2015
11.0%
30 Oct 2015
11.1%

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.