Lower growth in credit vis-a-vis deposits led to decline in the all-India credit-deposit (C-D) ratio to 71.5 per cent in March 2021 from 76 per cent a year ago.
Read more about Bank credit growth decelerates to 5.6% in March from 6.4% last year on Business Standard. The central bank further said aggregate deposits growth accelerated to 12.3 per cent in March 2021 from 9.5 per cent a year ago.
Combined credit by bank branches in top six centres (Greater Mumbai, Delhi, Bengaluru, Chennai, Hyderabad and Kolkata) declined marginally during 2020-21. These six centres together accounted for over 46 per cent of total bank credit.
Lakshmi Vilas Bank excluded from Second Schedule of the RBI Act: What does it mean?
Lakshmi Vilas Bank excluded from Second Schedule of the RBI Act: What does it mean?
The banking regulator Reserve Bank of India (RBI) said it has excluded Lakshmi Vilas Bank (LVB) from the Second Schedule of the RBI Act. This was after LVB merged with DBS Bank India.
RBI stated, âWe advise that the âLakshmi Vilas Bank Ltdâ has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from November 27, 2020 vide Notification DOR.PSBD.No.1849/16.01.067/2020-21 dated December 17, 2020, which is published in the Gazette of India (Part III - Section 4) dated January 16 â January 22, 2021.â