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Bank Credit Grows By 11.04% To Rs 120 Trn; Deposits By 9.27%: RBI Data

In the previous fortnight ended May 6, bank credit grew by 10.82 per cent and deposits by 9.71 per cent

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Bank credit grew by 11.04 per cent to Rs 120.27 lakh crore and deposits by 9.27 per cent to Rs 165.74 lakh crore in the fortnight ended May 20, RBI data showed on Tuesday.

In the fortnight ended May 21, 2021, bank advances stood at Rs 108.31 lakh crore and deposits at Rs 151.67 lakh crore, according to the 'Scheduled Banks' Statement of Position in India as of May 20, 2022'.

In the previous fortnight ended May 6, bank credit grew by 10.82 per cent and deposits by 9.71 per cent.

In FY 2021-22, bank credit rose by 8.59 per cent and deposits by 8.94 per cent.

(PTI)


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Bank Credit bank deposits RBI data