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Bank Credit Rise To 6.48%; Deposits By 10.16%: RBI

In FY2020-21, bank credit had grown by 5.56 per cent and deposit by 11.4 per cent.

Photo Credit : PTI

1496147618_JmVBwE_Rs2000notes-PTI.jpg

Bank credit grew by 6.48 per cent to Rs 110.13 lakh crore and deposit by 10.16 per cent to Rs 157.56 lakh crore in the fortnight ended October 8, RBI data showed. In the year-ago fortnight ended October 9, bank advances were at Rs 103.43 lakh crore, and deposits were at Rs 143.02 lakh crore, according to RBI's Scheduled Banks' Statement of Position in India as on October 8, 2021 data, released on Thursday.

In the previous fortnight ended September 24, 2021, bank credit had grown by 6.67 per cent and deposit by 9.34 per cent.

In FY2020-21, bank credit had grown by 5.56 per cent and deposit by 11.4 per cent.

(PTI)


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Bank Credit deposits rbi