India Deposit Growth y/y

Country: India, INR
Importance:
Low
Sector: Money
Last release
Actual
12.2%
Forecast
12.4%
Previous
12.2%
Next release
Actual
Coming in 7 days
Forecast
12.3%
Previous
12.2%
Date (GMT)
Reference
Actual
Forecast
9 Feb 2024
13.6%
13.2%
26 Jan 2024
13.2%
13.5%
12 Jan 2024
13.1%
13.3%
29 Dec 2023
13.2%
14.1%
15 Dec 2023
14.0%
13.5%
1 Dec 2023
13.4%
13.6%
17 Nov 2023
13.6%
13.5%
3 Nov 2023
13.5%
13.5%
20 Oct 2023
13.4%
13.4%
6 Oct 2023
13.6%
13.4%
22 Sep 2023
13.2%
13.4%
8 Sep 2023
13.6%
13.4%
25 Aug 2023
13.2%
13.2%
11 Aug 2023
13.5%
13.1%
28 Jul 2023
12.9%
13.1%
14 Jul 2023
13.2%
12.6%
30 Jun 2023
13.0%
12.0%
16 Jun 2023
12.1%
11.4%
2 Jun 2023
11.8%
10.6%
19 May 2023
10.9%
10.3%

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.