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One-fourth of bank loans in FY21 given in last fortnight of year: RBI data

Bank credit up 5.6% in FY21; Deposits surge 11.4%

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Abhijit Lele Mumbai
Commercial banks in India gave almost one fourth of loans (about Rs 1.55 trillion) in the last fortnight of the financial year, reflecting a surge in year-end activity.

The total lending was Rs 5.80 trillion in Fy21 lower than about Rs six trillion in Fy20. The outstanding credit stood at Rs 109.51 trillion as of March 26, 2021, according to Reserve Bank of India data.

On a year-on-year basis, the lending by commercial banks rose by 5.6 per cent in the financial year (Fy21), a period marked by economic contraction due to COVID-19 pandemic as against 6.1 per cent in