Latest News | Bank Credit Grows by 6.84%; Deposits by 9.94%

Mumbai, Nov 3 (PTI) Bank credit grew by 6.84 per cent to Rs 110.46 lakh crore and deposits by 9.94 per cent to Rs 157.12 lakh crore in the fortnight ended October 22, RBI data showed.

In the year-ago fortnight ended October 23, bank advances stood at Rs 103.39 lakh crore and deposits Rs 142.92 lakh crore, according to RBI's Scheduled Banks' Statement of Position in India as on October 22, 2021 data, released on Wednesday.

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In the previous fortnight ended October 8, bank credit grew by 6.48 per cent and deposits by 10.16 per cent.

In FY2020-21, bank credit had grown 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)