Bank Credit Growth Slows to 9.8 Per cent

By Super
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Mumbai, Jun 10 (PTI) Growth rate of credit by scheduled commercial banks slowed to 9.8 per cent at Rs 66,33,417 crore for the fortnight ended May 29, as per Reserve Bank data.

    Banks' advances had stood at Rs 60,41,520 crore in the same fortnight last year. In the previous fortnight ended May 15, credit growth was 10.16 per cent.

    Bank Credit Growth Slows to 9.8 Per cent

    Deposits of the banks increased by 11.48 per cent to Rs 87,89,273 crore in the reporting period as compared to Rs 78,83,586 crore in the year-ago period, the data showed.

    The fortnight ended May 15 saw banks deposits growing at 11.85 per cent. In the 2014-15 fiscal, banks credit grew at 12.6 per cent while deposit had grown by 12.8 per cent.

    Demand deposits of the banks rose by 9.14 per cent to Rs 8,18,648 crore as against Rs 7,50,050 crore last year same period.

    Time deposits increased by 11.73 per cent to Rs 79,70,625 crore as compared to Rs 71,33,536 crore in the year ago period.

    PTI

    Read more about: bank
    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