Bank credit grows 7.1% and deposits increase 10%, reveals RBI data

Bankers said that with private investment practically coming to a halt, there was little demand for corporate credit.

The pace of year on year growth in commercial bank credit more than halved to 7.1 per cent at end fortnight (December 20, 2019) from 15.11 per cent a year ago, data released by the Reserve Bank of India revealed.
 
Between December 6 and December 20, lenders disbursed Rs 12,519 crore, taking outstanding of scheduled commercial Rs 99.47 trillion, according to Reserve Bank of India data. On the other hand, the deposits in the same period increased 9.09 per cent to Rs 130.08 trillion by the end of December 20. However, in the fortnight between December 6 and December