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Home Business Bank credit grows 5.93%, deposits 11.06%

Bank credit grows 5.93%, deposits 11.06%

Bank credit grew 5.93% to ₹107.05 lakh crore, whereas deposits rose 11.06% to ₹147.98 lakh crore within the fortnight ended January 29, RBI information confirmed.

In the fortnight ended January 31, 2020, financial institution credit stood at ₹101.05 lakh crore and deposits at ₹133.24 lakh crore.

In the earlier fortnight ended January 15, development in financial institution credit was 6.36%, whereas deposits rose 11.41%.

During the primary 9 months of the present fiscal, financial institution credit rose by 3.2% and deposits by 8.5%. in response to the information.

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