According to the data, a worrying macroeconomic reality is brewing for India’s already fragile financial sector, ridden by Non-Performing Assets (NPAs), debt (and insolvency) — a low deposits growth rate that is being outpaced by the credit growth rate. In June, bank deposits grew at less than 11 percent, whereas bank loans grew at around 14 percent. As of 9 August, bank deposits had shown a yearly growth of 11.7 percent, whereas bank loans had grown 18.4 percent.