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Bank credit grew 6.84 percent in the fortnight ended October 22

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Bank credit grew 6.84 percent in the fortnight ended October 22

Mumbai, Nov 3 (PTI) Bank credit grew 6.84 per cent to Rs 110.46 lakh crore in the fortnight ended October 22. On the other hand, deposits increased by 9.94 percent to Rs 157.12 lakh crore.

According to the data released by the Reserve Bank of India on Wednesday, bank loans stood at Rs 103.39 lakh crore and deposits at Rs 142.92 lakh crore in the same fortnight ended October 23 last year.

Bank credit grew by 6.48 per cent and deposits by 10.16 per cent in the last fortnight ended October 8.

In the financial year 2020-21, there was a growth of 5.56 per cent in bank credit and 11.4 per cent in deposits.

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