Bank credit grows by 6.7%; deposits by 9.32%: RBI data

Bank credit grows by 6.7%; deposits by 9.32%: RBI data

PTIUpdated: Thursday, September 23, 2021, 06:28 PM IST
article-image
In FY2020-21, bank credit had grown by 5.56% and deposits by 11.4%/ Representational image | Photo credit: Pexels

Bank credit rose by 6.7 per cent to Rs 109.12 lakh crore and deposits by 9.32 per cent to Rs 155.75 lakh crore in the fortnight ended September 10, RBI data showed.

In the year-ago fortnight ended September 11, 2020, bank advances had stood at Rs 102.27 lakh crore and deposits at Rs 142.47 lakh crore, according to RBI's Scheduled Banks' Statement of Position in India as of September 10, 2021, released on Thursday.

In the fortnight ended August 27, 2021, bank credit had increased by 6.67 per cent and deposits by 9.45 per cent.

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

RECENT STORIES

Adani Enterprises Announces ₹1,000 Crore NCD Issue Offering Up To 9.3%

Adani Enterprises Announces ₹1,000 Crore NCD Issue Offering Up To 9.3%

Gaja Capital Plans IPO, Files Draft Papers With Sebi

Gaja Capital Plans IPO, Files Draft Papers With Sebi

At BRICS Meet, FM Nirmala Sitharaman Holds Bilateral Talks With China, Russia, Brazil, And Indonesia

At BRICS Meet, FM Nirmala Sitharaman Holds Bilateral Talks With China, Russia, Brazil, And Indonesia

New Aadhaar Rules Announced, Check Updated Document List For Enrolment & Changes

New Aadhaar Rules Announced, Check Updated Document List For Enrolment & Changes

Microsoft Exits Pakistan After 26 Years, Major Blow To Tech Ecosystem

Microsoft Exits Pakistan After 26 Years, Major Blow To Tech Ecosystem