Bank credit grows by 11.04%; deposits by 9.27%
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The Reserve Bank of India (RBI) in its latest data has showed that Bank credit grew by 11.04 per cent to Rs 120.27 lakh crore and deposits by 9.27 per cent to Rs 165.74 lakh crore in the fortnight ended May 20, 2022.
It stated that in the fortnight ended May 21, 2021, bank advances stood at Rs 108.31 lakh crore and deposits at Rs 151.67 lakh crore. In the previous fortnight ended May 6, bank credit grew by 10.82 per cent and deposits at 9.71 per cent.
In the fortnight ended May 7, 2021, bank advances stood at Rs 108.70 lakh crore and deposits at Rs 152.16 lakh crore. In FY 2021-22, bank credit rose by 8.59 per cent and deposit by 8.94 per cent.
