Bank credit grows 5.93%, deposits 11.06%


Bank credit grew 5.93% to ₹107.05 lakh crore, while deposits rose 11.06% to ₹147.98 lakh crore in the fortnight ended January 29, RBI data showed.

In the fortnight ended January 31, 2020, bank credit stood at ₹101.05 lakh crore and deposits at ₹133.24 lakh crore.

In the previous fortnight ended January 15, growth in bank credit was 6.36%, while deposits rose 11.41%.

During the first nine months of the current fiscal, bank credit rose by 3.2% and deposits by 8.5%. according to the data.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Briefing

We brief you on the latest and most important developments, three times a day.

Support Quality Journalism.

*Our Digital Subscription plans do not currently include the e-paper, crossword and print.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *