For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Credit, deposit growth picks up pace in last fortnight of 2012-13: RBI

By Religare
|

The Reserve Bank of India (RBI) data showed that credit and deposit growth, which remained subdued throughout the year, picked up pace during the last fortnight of just ended financial year.

The data showed banks mopped up deposits of about Rs 1.54 lakh crore to achieve year end targets while they disbursed fresh credit of about Rs 83,500 crore in the same fortnight that ended on April 5, 2013.

Deposit growth was 13.21 per cent year-on-year, while credit growth stood at 13.91 per cent.

 

This was close to the projections of RBI at 16 per cent credit growth and 15 per cent deposit growth for FY13.

Read more about: rbi
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more