By Admin 
Bank Loan Deposit Ratio: In recent times, an imbalance is being seen in banks. Banks are not able to collect deposits as fast as they are distributing loans. Loan and deposit ratio (LDR) has increased to a record 81 percent in the December quarter.
Experts believe that if this situation continues, banks may have to increase interest rates on deposits. Besides, they can also save money by making the loan cheaper. According to the Economic Times, the rise in the LDR ratio indicates that banks may lack funds to provide new loans. Let us know about the status of various banks of the country…
condition of various banks
If we talk about the data of different banks, there is a clear difference in the amount of loans and deposits. Loans in HDFC Bank have increased by 12 percent compared to last year. While deposits grew at the rate of 11.5 percent.
By the end of December, the bank gave Rs 28.44 lakh crore as loan. The bank had deposits of Rs 28.59 lakh crore. Loans in Bank of Baroda have increased by 14.57 percent, but the growth of deposits has been only 10.25 percent.
Same situation in PNB and Union Bank also
The same situation has been seen in PNB Bank also. Bank deposits grew at 8.5 percent, while loans grew at the pace of 11 percent. Deposit growth in Union Bank of India was only 3.4 percent, while loans increased by 7.13 percent.
However, the situation is a little better in Axis Bank and Kotak Mahindra Bank. Where the speed of deposits has been recorded almost equal to that of loans or slightly more.
Tremendous benefits to non-banking finance companies
Meanwhile, non-banking finance companies have benefited strongly. NBFCs have registered rapid growth during this period. There has been an increase of about 15 percent in new loans of Bajaj Finance. At the same time, there was a big jump of 77 percent in the assets of Punawala Fincorp on annual basis. Apart from this, the business of M&M Finance also recorded a growth of about 12 percent.
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