Bank credit grows at 7.14 pc, deposits at 11.42 pc: RBI

Bank credit grew by 7.14 per cent to Rs 111.64 lakh crore and deposits increased by 11.42 per cent to Rs 160.49 lakh crore in the fortnight ended November 15, 2021, RBI data showed.

migrator

Updated:17th Nov, 2021 at 6:28 PM

Mumbai

In the fortnight ended November 6, 2020, bank loans stood at Rs 104.19 lakh crore and deposits at Rs 144.03 lakh crore, according to the RBI's Scheduled Banks' Statement of Position in India as on November 5, 2021, data released on Wednesday.

In the previous fortnight ended October 22, 2021, bank credit had grown by 6.84 per cent and deposits by 9.94 per cent.

In FY2020-21, bank credit had risen by 5.56 per cent and deposits by 11.4 per cent.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

SCROLL FOR NEXT

Bank credit grows at 7.14 pc, deposits at 11.42 pc: RBI

Bank credit grew by 7.14 per cent to Rs 111.64 lakh crore and deposits increased by 11.42 per cent to Rs 160.49 lakh crore in the fortnight ended November 15, 2021, RBI data showed.

Also Read

TN raises monthly contingency funds for police stations to reduce corrupt practices

Tambaram-Velachery Road in Chennai riddled with potholes; ambulance overturns, two injured

Return of people after holidays to Chennai triggers traffic congestion near Kilambakkam bus terminus

HIGHLIGHTS | Tamil Nadu rains: Schools closed in 5 districts, including Chennai, as twin low-pressure areas loom

CJP leaders withdraw from Delhi HC plea challenging their judicial custody