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
21 Feb 2025
10.3%
10.7%
7 Feb 2025
10.6%
10.4%
24 Jan 2025
10.3%
10.5%
10 Jan 2025
10.8%
10.1%
27 Dec 2024
9.8%
11.1%
13 Dec 2024
11.5%
10.2%
29 Nov 2024
10.7%
11.0%
15 Nov 2024
11.2%
11.7%
1 Nov 2024
11.8%
12.0%
18 Oct 2024
11.7%
12.1%
4 Oct 2024
11.8%
11.6%
20 Sep 2024
11.5%
10.9%
6 Sep 2024
11.1%
11.3%
23 Aug 2024
10.8%
9.6%
9 Aug 2024
10.9%
11.9%
26 Jul 2024
10.6%
12.5%
12 Jul 2024
11.3%
11.9%
28 Jun 2024
11.1%
13.0%
14 Jun 2024
12.6%
13.3%
31 May 2024
12.7%
13.5%

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.