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
26 Feb 2021
12.1%
11.7%
12 Feb 2021
11.8%
11.1%
29 Jan 2021
11.1%
11.2%
15 Jan 2021
11.4%
11.4%
1 Jan 2021
11.5%
11.6%
18 Dec 2020
11.3%
11.6%
4 Dec 2020
11.3%
11.0%
20 Nov 2020
10.9%
10.3%
6 Nov 2020
10.6%
9.7%
23 Oct 2020
10.1%
10.5%
9 Oct 2020
10.5%
10.8%
25 Sep 2020
10.5%
11.3%
11 Sep 2020
12.0%
10.7%
28 Aug 2020
11.0%
11.0%
14 Aug 2020
11.0%
11.0%
31 Jul 2020
11.1%
10.8%
17 Jul 2020
10.8%
10.9%
3 Jul 2020
11.0%
11.2%
19 Jun 2020
11.0%
11.3%
5 Jun 2020
11.3%
10.4%

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.