You are here: Home » Economy & Policy » News
Business Standard

Bank credit rises 5.67% to Rs 104 trn, deposits up 10.63%: RBI data

Bank credit grew by 5.67 per cent to Rs 104.04 trillion, while deposits increased by 10.63 per cent to Rs 143.80 trillion in the fortnight ended November 6, according to RBI data.

Topics
Bank credit | bank credit growth

Press Trust of India  |  Mumbai 

Banks
Illustration: Ajay Mohanty

grew by 5.67 per cent to Rs 104.04 lakh crore, while deposits increased by 10.63 per cent to Rs 143.80 lakh crore in the fortnight ended November 6, according to RBI data.

In the fortnight ended November 8, 2019, stood at Rs 98.46 lakh crore and deposits at Rs 129.98 lakh crore.

In the previous fortnight ended October 23, 2020, had risen by 5.06 per cent and deposits by 10.12 per cent.

On a year-on-year basis, non-food decelerated to 5.8 per cent in September 2020 from 8.1 per cent in the same month of the previous year, according to the central bank data.

Credit to industry recorded 'nil' growth in September 2020 as compared to 2.7 per cent rise in September 2019.

Credit to agriculture and allied activities rose by 5.9 per cent during the reporting month, as against a growth of 7 per cent in the same month last year.

Loan growth to the services sector accelerated to 9.1 per cent in September 2020 from 7.3 per cent in September 2019.

Personal loans registered a growth of 9.2 per cent in the month compared to 16.6 per cent growth in September 2019.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, November 20 2020. 20:32 IST
RECOMMENDED FOR YOU
.