Friday, July 17, 2020

Bank credit grows by 6.13 per cent to Rs 102.91 lakh crore, deposits 11.04 pc: RBI data

In the previous fortnight ended June 19, 2020, bank credit had grown by 6.18 per cent and deposits at 11 per cent. For May, the non-food credit growth decelerated to 6.8 per cent year-on-year from 11.4 per cent in the same period last year, as per the data. The outstanding incremental non-food credit stood at Rs 90.3 lakh crore as of May 22, 2020 as against Rs 84.51 lakh crore on May 24, 2019.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/bank-credit-grows-by-6-13-per-cent-to-rs-102-91-lakh-crore-deposits-11-04-pc-rbi-data/articleshow/77024988.cms

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