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Bank credit growth loses momentum, up 13.24 per cent
Updated On: 11 April, 2019 08:07 PM IST | | PTI
In the year-ago fortnight, deposits were at Rs 114.26 lakh crore and advance at Rs 86.25 lakh crore
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Bank credit rose by 13.24 per cent to Rs 97.67 lakh crore, while deposits grew by 10.03 per cent to Rs 125.72 lakh crore in the fortnight to March 29, according to RBI data released Thursday. In the year-ago fortnight, deposits were at Rs 114.26 lakh crore and advance at Rs 86.25 lakh crore.
In the previous fortnight to March 15, credit demand had grown by 14.46 per cent to Rs 95.53 lakh crore while deposits increased by 10.03 per cent to Rs 122.26 lakh crore.
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