Bank credit increases by 6.84%, deposits by 9.94%, according to RBI data


Bank credit grew by 6.84% to Rs 110.46 lakh crore and deposits by 9.94% to Rs 157.12 lakh crore in the fortnight ending October 22, according to RBI data.

In the fortnight of the year ending Oct. 23, bank advances stood at Rs 103.39 lakh crore and deposits at Rs 142.92 lakh crore, according to the banks’ position statement. RBI’s scheduled programs in India as of October 22, 2021, released on Wednesday.

During the previous fortnight ended October 8, bank credit increased by 6.48% and deposits by 10.16%.

During the 2020-21 financial year, bank credit had increased by 5.56% and deposits by 11.4%.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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