 "Banks see year-end surge in credit, deposit")
In the last fortnight of the last financial year the banks mopped up deposits of about Rs 1. 54 lakh crore to achieve year end targets.
They also disbursed fresh credit of about Rs 83,500 crore in the fortnight ended April 5, a data from Reserve Bank of India (RBI) released today.
On year-on-year basis, credit growth was 13.91% and deposit growth was at 13.21%.
In March, some of the banks had hiked their deposit rates to attract deposits.
They also disbursed fresh credit of about Rs 83,500 crore in the fortnight ended April 5, a data from Reserve Bank of India (RBI) released today.
On year-on-year basis, credit growth was 13.91% and deposit growth was at 13.21%.
Also Read
RBI had projected 16% credit growth and 15% deposit growth for FY13.
In March, some of the banks had hiked their deposit rates to attract deposits.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%