Gross bank credit grew by 10.1 per cent in the December quarter as against 14.2 per cent growth registered in the year-ago period, according to the RBI data.
Aggregate deposits grew 10.9 per cent in the period which was slower than 15.4 per cent registered in the year-ago quarter.
“The deceleration in aggregate deposits as well as gross bank credit was broad-based and observed across all population groups,” RBI said.
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 percent in aggregate deposits and 21 per cent in gross bank credit at end-December 2014.
Metropolitan branches, constituting 53.1 per cent of aggregate deposits and 64.2 per cent of gross bank credit, recorded the highest credit-deposit (CD) ratio at 92.3 per cent, it said.
For other population groups, CD ratio was lower than the national level of 76.4 per cent.
The CD ratio was the highest for Tamil Nadu (121.1 per cent) followed by Chandigarh (114.9 per cent), Andhra (109.3 per cent) and Telangana (106.4 per cent).