Bank credit rises 14.52%, deposits up 9.14% in fortnight ended July 29: RBI
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The Reserve Bank of India (RBI) in its latest data has showed that bank credit rose 14.52 per cent to Rs 123.69 lakh crore and deposits increased 9.14 per cent to Rs 169.72 lakh crore in the fortnight ended July 29.
In the fortnight ended July 30, 2021, bank advances stood at Rs 108 lakh crore and deposits at Rs 155.49 lakh crore. As per the data, in the previous fortnight ended July 15, 2022, bank credit went up 12.89 per cent and deposits increased 8.35 per cent.
In FY 2021-22, bank credit rose 8.59 per cent and deposits rose 8.94 per cent. RBI said the figures on credit and deposit as on July 29 are provisional figures incorporated in respect of such banks as have not been able to submit final figures.
