For Quick Alerts
For Daily Alerts

Credit, deposits growth continues to be sluggish

By Religare

Indian banks' advances and deposits were sluggish at the end of first fortnight of the current fiscal, said data released by Reserve Bank of India (RBI) on Thursday.

The data said banks together lost around Rs 66,381 crore in deposits while advances came down by Rs 56,459 crore as of April 19.

RBI's data also suggested that deposits rose 13.27 per cent while advances grew 14.51 per cent year-on-year during the fortnight ended April 19, 2013. This was much slower growth compared to what was seen in last week of March 2013 when deposits spiked by 17.38 per cent and credit by 16.99 per cent, y-o-y.


In the annual policy announcement by RBI today, it is expected to project the credit and deposit growth target for this year.

Read more about: credit deposits
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
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