Bank credit growth continued to trail deposit mop-up and remained muted with a mere 10.39 per cent rise at Rs 64,53,394 crore in the fortnight to February 20, up from Rs 58,45,833 crore a year ago, according to the latest data released by the Reserve Bank.

Deposits of the banks, on the other hand, continued to outpace credit demand rising 11.85 per cent to Rs 84,74,824 crore in the reporting fortnight as against Rs 75,76,609 crore in the same fortnight last year.

In the previous fortnight, bank credit had grown at 10.38 per cent, while deposits increased by 11.77 per cent.

Banks demand deposit rose by 11.81 per cent to Rs 7,69,079 crore in the period as against Rs 6,87,838 crore.

Time deposit stood at Rs 77,05,748 crore, up 11.85 per cent as against Rs 68,88,771 crore in the same period last year.

In the quarter ended December 31, 2014, banks aggregate deposits and credit decelerated to 10.9 per cent and 10.1 per cent, respectively from 15.4 per cent and 14.2 per cent a year ago.

The deceleration in aggregate deposits as well as gross bank credit was broad based and observed across all population groups in the previous quarter.

Public sector banks together accounted for 73.3 per cent share in aggregate deposits and 71.2 per cent share in gross bank credit followed by private sector banks at 19.2 per cent and 21 per cent, respectively at end—December 2014.

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