Bank credit grows 9.16%, deposits up 10.28%: RBI

Bank credit grows 9.16%, deposits up 10.28%: RBI

AgenciesUpdated: Friday, January 14, 2022, 07:57 PM IST
article-image
For the fortnight ended January 1, 2021, bank credit stood at Rs 107.02 lakh crore and deposits at Rs 147.26 lakh crore,/Representative Image | File photo

Bank credit grew 9.16 percent to Rs 116.83 lakh crore and deposits rose 10.28 per cent to Rs 162.41 lakh crore for the fortnight ended December 31, 2021, RBI data showed.

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' Statement of Position in India as on December 31, 2021, released on Friday.

In the previous fortnight ended December 17, 2021, bank advances had risen by 7.27 percent and deposits went up by 9.58 percent.

In FY21, bank credit had risen by 5.56 percent and deposits by 11.4 percent.

RECENT STORIES

From Rivals To Partners: India's Industry Titans Ambani And Adani Forge Unexpected Collaboration In...

From Rivals To Partners: India's Industry Titans Ambani And Adani Forge Unexpected Collaboration In...

Ecos (India) Mobility Submits Draft Paper To SEBI For IPO Fundraising

Ecos (India) Mobility Submits Draft Paper To SEBI For IPO Fundraising

How Data Is Enabling Innovation In Biomedical Devices For Healthier Lives

How Data Is Enabling Innovation In Biomedical Devices For Healthier Lives

Heralding Mediated Dispute Resolution Over Litigation: The Mediation Act, 2023, Future Of Indian...

Heralding Mediated Dispute Resolution Over Litigation: The Mediation Act, 2023, Future Of Indian...

Force Motors Shifts Gears: Exiting Tractors And Connected Activity Business At The End Of FY24

Force Motors Shifts Gears: Exiting Tractors And Connected Activity Business At The End Of FY24