Yes Bank Notes Cautious Return to Deposits Amidst Credit Growth
Bank credit in India grew 16.2% in the year through May 15, the fastest pace since June 2024, according to central bank data, while deposits rose 12.2% over the same period.
Yes Bank, supported by SMBC, is observing a hesitant resurgence in deposit-taking activities from Indian customers. This trend emerges as overall bank credit in India experiences its most rapid expansion since June 2024, increasing by 16.2% in the year leading up to May 15. During the same timeframe, deposits saw a more modest rise of 12.2%.
The observed shift in deposit and credit dynamics is significant as it indicates evolving customer financial behavior and impacts the liquidity and lending capacity of financial institutions like Yes Bank.
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