Bank credit score grows by 7.9%; deposits by 8.6%: RBI Data | Economy News

New Delhi: Bank credit score grew by 7.9 per cent to Rs 116.27 lakh crore and deposits rose by 8.6 per cent to Rs 162.17 lakh crore within the fortnight ended February 25, RBI knowledge confirmed.

In the fortnight ended February 26, 2021, financial institution advances stood at Rs 107.75 lakh crore and deposits at Rs 149.33 lakh crore, in keeping with the RBI’s Scheduled Banks’ Statement of Position in India as on February 25, launched on Thursday.

In the earlier week ended February 11, 2022, financial institution credit score grew by 7.86 per cent and deposits by 9.11 per cent. Also Read: Piyush Goyal meets French Minister for Foreign Trade; discusses boosting commerce, funding

In 2020-21, financial institution credit score had risen by 5.56 per cent and deposits by 11.4 per cent. Also Read: Post Office Scheme: Invest in THIS plan to get assured month-to-month revenue

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