Latest News | Bank Credit Grows by 7.9 Pc; Deposits by 8.6 Pc

Mumbai, Mar 10 (PTI) Bank credit grew by 7.9 per cent to Rs 116.27 lakh crore and deposits rose by 8.6 per cent to Rs 162.17 lakh crore in the fortnight ended February 25, RBI data showed.

In the fortnight ended February 26, 2021, bank advances stood at Rs 107.75 lakh crore and deposits at Rs 149.33 lakh crore, according to the RBI's Scheduled Banks' Statement of Position in India as on February 25, released on Thursday.

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In the previous week ended February 11, 2022, bank credit grew by 7.86 per cent and deposits by 9.11 per cent.

In 2020-21, 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)