Bank credit grows 11.62%, deposits at 11.02% – Feedback

Bank credit growth continued to remain in double-digits clipping at 11.62 per cent year-on-year to Rs 71,72,740 crore for the fortnight ending February 19, according to the Reserve Bank data.

The outstanding loans of banks during the same period last year had stood at Rs 64,25,793 crore. In the previous fortnight ended February 5, banks credit rose by 11.53 per cent y-o-y with an outstanding loans at 71,53,426 crore. In the previous fortnight ended February 5, banks credit rose by 11.53 per cent y-o-y with an outstanding loans at 71,53,426 crore. Deposits grew by 11.02 per cent at Rs 93,51,246 crore in the fortnight ended February 19 as against Rs 84,22,396 crore in the same period last year. Growth in deposits in the fortnight ended February 19 was slower than the previous fortnight when deposits had grown by 11.30 per cent.

http://economictimes.indiatimes.com/industry/banking/finance/banking/bank-credit-grows-11-62-deposits-at-11-02/articleshow/51257541.cms

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published.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