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Banks’ credit rose 11.52 per cent year-on-year to ₹84,78,459 crore in the fortnight ended April 13, RBI data showed. In the same period ended April 14, 2017, bank advances were at ₹ 76,01,970 crore.
In the previous fortnight ended March 30, 2018, banks loans grew by 10.32 per cent to ₹86,50,714 crore from ₹78,41,466 crore in the period ended March 31. Deposits grew at 7.96 per cent to ₹113,77,729 crore in the period ended April 13, as against ₹105,38,304 crore in the year-ago fortnight, according to the data.
In the fortnight ended March 30, the deposits had increased by 6.66 per cent to ₹1,14,74,989 crore from ₹1,07,57,656 crore in the year-ago period. In February 2018, non-food bank credit increased by 9.8 per cent on a year-on-year basis as against an increase of 3.3 per cent in February 2017.
Credit to agriculture and allied activities increased by 9 per cent in February 2018, same as in February 2017.
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