Business Standard

Bank credit up 5.6%, deposits rise 10.5% in fortnight to October 9

Growth in loans to agriculture and allied activities rose 4.9 per cent in the reporting month

defaults, NPA, growth, credit, economy, gdp, market, shares, stocks, valuation, growth, profit, loss
Premium

Growth in advances to industry decelerated to 0.5 per cent in August 2020 from 3.9 per cent earlier.

Press Trust of India
Bank credit grew by 5.66 per cent to Rs 103.44 lakh crore, while deposits increased by 10.55 per cent to Rs 143.02 lakh crore in the fortnight ended October 9, according to RBI data.
In the fortnight ended October 11, 2019, bank credit had stood at Rs 97.89 lakh crore and deposits at Rs 129.38 lakh crore.
In the previous fortnight ended September 25, 2020, bank credit had grown by 5.15 per cent to Rs 102.72 lakh crore and deposits rose by 10.51 per cent to Rs 142.64 lakh crore.
On a year-on-year basis, non-food bank credit growth decelerated to 6 per cent

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 22 2020 | 11:39 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com