Bank credit grows by 5.74%: Reserve Bank of India
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The Reserve Bank of India (RBI) in its latest report has showed that bank credit grew by 5.74 per cent to Rs 108.43 lakh crore and deposits rose by 9.73 per cent to Rs 153.13 lakh crore in the fortnight ended June 4, 2021.
As per the report, bank advances stood at Rs 102.55 lakh crore and deposits at Rs 139.55 lakh crore in the fortnight ended June 5, 2020. In the previous fortnight ended May 21, 2021, bank credit had grown at 5.98 per cent and deposits at 9.66 per cent.
According to RBI's Scheduled Banks' Statement of Position in India as on June 4, 2021, in FY2020-21, bank credit had grown by 5.56 per cent and deposits by 11.4 per cent.
