Mumbai, Feb 10 (PTI) Bank credit grew by 8.21 per cent to Rs 115.82 lakh crore and deposits by 8.31 per cent to Rs 160.33 lakh crore in the fortnight ended January 28, RBI data showed.

In the fortnight ended January 29, 2021, bank advances stood at Rs 107.04 lakh crore and deposits at Rs 148.02 lakh crore, according to the RBI's Scheduled Banks' Statement of Position in India as on January 28, released on Thursday.

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In the previous fortnight ended January 14, bank credit had risen by 8.01 per cent and deposits by 9.28 per cent.

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

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)