Bank credit up 9.16 percent, deposits up 10.28 percent

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Mumbai, Jan 14 (PTI) Bank credit grew by 9.16 per cent to Rs 116.83 lakh crore and deposits by 10.28 per cent to Rs 162.41 lakh crore in the fortnight ended December 31, 2021.

This was revealed from the Reserve Bank of India’s data for the fortnight ended December 31, 2021, released on Friday regarding scheduled bank loans and deposits.

In the fortnight ended January 1, 2021, bank credit stood at Rs 107.02 lakh crore and deposits at Rs 147.26 lakh crore.

Earlier, in the fortnight ended December 17, 2021, there was a growth of 7.27 per cent in bank advances and 9.58 per cent in deposits.

In the financial year 2020-21, there was a growth of 5.56 per cent in bank credit and 11.4 per cent in deposits.

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