Bank credit increases by 9.16%, deposits by 10.28%, according to RBI data


Bank credit increased by 9.16% to Rs 116.83 lakh crore and deposits increased by 10.28% to Rs 162.41 lakh crore for the fortnight ended December 31, 2021, according to RBI data.

For the fortnight ended January 1, 2021, bank credit stood at Rs 107.02 lakh crore and deposits at Rs 147.26 lakh crore, according to RBI’s Scheduled Banks Position Statement in India as of December 31, 2021, released on Friday.

During the previous fortnight ended December 17, 2021, bank advances had increased by 7.27% and deposits by 9.58%.

In FY21, bank credit grew 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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