Banks’ credit and deposits grew by 7.1% and 10.09% to ₹99.47 lakh crore and ₹130.08 lakh crore in the fortnight ended December 20, respectively, according to latest Reserve Bank data.
In the year-ago fortnight, banks’ advances stood at ₹92.87 lakh crore, while deposits were at ₹118.16 lakh crore.
In the previous fortnight ended December 6, credit had grown by 7.91% to ₹99.34 lakh crore and deposits had increased by 10.27% to ₹131.05 lakh crore. On a year-on-year basis, banks’ credit growth slowed to 7.2% to ₹86.73 lakh crore in November 2019 from a 13.8% increase to ₹80.93 lakh crore in the year-ago period.
