11% uptick in overall outstanding loans in February 2025, ET BFSI
The BFSI sector recorded regular credit development with a rise in total outstanding loans by roughly 11 per cent on a year-on-year foundation in February 2025 which is similar because the year-on-year credit score development depicted in January of 2025. Deposit development stands at 10 per cent year-on-year, it stood at 11 per cent year-on-year within the earlier month.
The excellent loans throughout scheduled banks elevated barely on a month-on-month foundation and confirmed a rise of 11 per cent year-on-year, totalling Rs 181.2 trillion in February 2025. This compares with Rs 179.7 trillion in January 2025, Rs 177.4 trillion in December 2024, Rs 179.6 trillion in November 2024, Rs 174.4 trillion in October 2024, and Rs 172.9 trillion in September 2024.
The Reserve Bank of India‘s monetary stability report underscored the notable credit score growth throughout each private and non-private sector banks.
Deposits throughout scheduled banks recorded roughly 10 per cent year-on-year development in February 2025 in comparison with 11 per cent development in January 2025. Nevertheless, on a month-on-month foundation, deposits elevated to Rs 225.1 trillion in February in comparison with Rs 223.3 trillion in January, in comparison with Rs 220.6 trillion in December.
Up to now two years, combination deposit development noticed moderation, particularly throughout 2021-22. Nevertheless, a report by the State Financial institution of India highlighted that between FY14 and FY23, banking credit score surged from Rs 60 trillion to Rs 138 trillion, a 2.3 occasions enhance, whereas deposits rose 2.4 occasions from Rs 77 trillion to Rs 187 trillion.
Development in non-cash retail transactions
The 1Lattice information indicated a lower of 8 per cent year-on-year in February 2025 for non-cash retail transactions. In February, it got here right down to Rs 73.9 trillion in February from Rs 79.9 trillion in January, in December it was Rs 79.1 trillion and in November, this was Rs 71.9 trillion.
The Nationwide Digital Funds Switch (NEFT) mode dominated non-cash transactions, accounting for 47.9 per cent, adopted by Unified Funds Interface (UPI) at 29.3 per cent.
NEFT recorded Rs 35.4 trillion price of transactions, adopted by UPI with Rs 22 trillion price of transactions, Cheque Truncation System (CTS) with Rs 5.4 trillion price of transactions and credit score and debit playing cards with Rs 1.7 and Rs 0.3 trillion respectively in February 2025, the information added.
