New Delhi, July 3 -- With a 100 basis point repo rate cut by the Reserve Bank of India (RBI) since February, Credit offtake and deposit growth have cooled, noted a report by CareEdge.

However, despite the rate cut and banks reducing deposit rates, deposit growth continues to outpace credit offtake in the current fortnight.

"Credit offtake and deposit growth have cooled, with deposit growth continuing to outpace credit offtake in the current fortnight," noted the report

The report highlights that deposits fell by 0.44 per cent sequentially, reaching Rs 230.7 lakh crore as of June 13, 2025, lower than the 12.1 per cent growth (excluding merger impact) recorded last year.

This decline was weighed down by banks' reliance on certificates o...