Latest News | Central Bank Records 15 Pc Loan Growth in Q3

New Delhi, Jan 4 (PTI) State-owned Central Bank of India on Thursday said it has posted a 14.9 per cent growth in advances to Rs 2.4 lakh crore for the December quarter.

Total advances stood at Rs 2.08 lakh crore at the end of the third quarter of the last financial year, Central Bank of India said in a regulatory filing.

Also Read | RPF Recruitment 2024: Notification Released For 2,250 Constable and SI Posts; Know Age Limit, Educational Qualification and Other Details.

The bank's deposits rose a tad lower at 9.52 per cent to Rs 3.77 lakh crore during the quarter from Rs 3.44 lakh crore in the year-ago period, it said.

As a result, the total business of the bank increased 11.5 per cent to Rs 6.17 lakh crore at the end of December 31, 2023, it added.

Also Read | GATE 2024 Admit Card for Graduate Aptitude Test in Engineering Examination Likely To Be Released Today at gate2024.iisc.ac.in, Know How To Download.

Private sector Bandhan Bank said the total loan increased to Rs 1.15 lakh crore for the December quarter as compared to Rs 97,787 crore at the end of the third quarter, registering a 18.6 per cent growth.

The bank's deposits rose 14.8 per cent to Rs 1.17 lakh crore during the quarter from Rs 1.02 lakh crore in the year-ago period, Bandhan Bank said in separate regulatory filing.

(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)