Till now it was believed that due to different needs, people in cities are taking more loans from banks. It was believed that people take loans and spend most of their earnings on paying its EMI. But, the recent report of RBI is completely opposite to this.
That is, a big change is now being seen in the amount of loan given by the bank. RBI report has shown that during the last five years, the share of loans given by different branches of the bank in metros has decreased from 63.5 percent to 58.7 percent, while bank loans have increased rapidly from villages to semi-urban and urban areas.
Decrease in bank loans in metros
According to RBI report, bank branches located inside villages and towns have performed much better in terms of giving loans. However, despite the decline in lending, bank branches in metros have increased annual deposits by 11.7 percent, while rural areas have grown by 10.1 percent, semi-urban areas by 8.9 percent and urban centers by 9.3 percent.
The growth rate of bank loans, which was 15.3 percent during the last five years, has come down to 11.1 percent in the financial year 2024-25. Apart from this, while the deposit growth rate was 13 percent five years ago, it has now come down to 10.6 percent.
Share of savings deposits has decreased
Along with this, due to the high interest rate on fixed deposits, while the share was 33 percent two years ago, it decreased to 30.8 percent a year ago and now it has come down to 29.1 percent.
click and follow Indiaherald WhatsApp channel