Bank credit grows by 11.04% to Rs 120 trn; deposits by 9.27%: RBI data

In the previous fortnight ended May 6, bank credit grew by 10.82 per cent and deposits at 9.71 per cent

banks, bank rate cuts, lending rates, deposits, savings, investment, schemes, shares, insurance
In FY 2021-22, bank credit rose by 8.59 per cent and deposit by 8.94 per cent.
Press Trust of India Mumbai
1 min read Last Updated : Jun 08 2022 | 1:57 AM IST

Bank credit grew by 11.04 per cent to Rs 120.27 lakh crore and deposits by 9.27 per cent to Rs 165.74 lakh crore in the fortnight ended May 20, RBI data showed on Tuesday.

In the fortnight ended May 21, 2021, bank advances stood at Rs 108.31 lakh crore and deposits at Rs 151.67 lakh crore, according to the 'Scheduled Banks' Statement of Position in India as on May 20, 2022'.

In the previous fortnight ended May 6, bank credit grew by 10.82 per cent and deposits at 9.71 per cent.

In FY 2021-22, bank credit rose by 8.59 per cent and deposit by 8.94 per cent.

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

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Topics :Bank creditbank depositsRBI

First Published: Jun 07 2022 | 8:54 PM IST

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