Bank credit spiked by 15.32 percent, deposits increased by 8.84 percent: RBI data

Bank credit grew by 15.32 per cent to Rs 124.305 lakh crore and deposits by 8.84 per cent to Rs 169.49 lakh crore in the fortnight ended August 12, the RBI data showed.

In the fortnight ended August 13, 2021, bank advances stood at Rs 107.79 lakh crore and deposits at Rs 155.72 lakh crore, according to the Reserve Bank of India's (RBI) Scheduled Banks' Statement of Position in India as on August 12 released on Friday.

In the previous fortnight ended July 29, bank credit grew by 14.52 per cent and deposits by 9.14 per cent.

In FY 2021-22, bank credit rose by 8.59 per cent and deposit by 8.94 per cent.

(Source:PTI)