bank loan: Bank credit grows by 13.29%, deposits by 9.77%

Financial institution credit score grew by 13.29 per cent to Rs 123.81 lakh crore and deposits by 9.77 per cent to Rs 169.61 lakh crore within the fortnight ended on July 1, RBI knowledge confirmed. Within the fortnight ended June 2, 2021, financial institution advances stood at Rs 109.28 lakh crore and deposits at Rs 154.51 lakh crore, in keeping with the Scheduled Banks’ Assertion of Place in India as on July 1, 2022, launched on Thursday.

Within the fortnight ended June 17, 2022, financial institution credit score grew by 8.31 per cent and deposits by 12.05 per cent.

In FY22, financial institution credit score rose by 8.59 per cent and deposits by 8.94 per cent.