Bank credit surges 8.21%; deposits up by 8.31%

In the fortnight ended January 29, 2021, bank advances stood at ₹107.04 lakh crore and deposits at ₹148.02 lakh crore, according to the RBI’s Scheduled Banks’ Statement of Position in India as of January 28, released on Thursday.

Bank recognition surges by 8.21% to ₹115.82 lakh crore and deposits by 8.31% to ₹160.33 lakh crore successful the fortnight ended January 28, RBI information reported.

In the fortnight ended January 29, 2021, slope advances stood at ₹107.04 lakh crore and deposits at ₹148.02 lakh crore, according to the RBI’s Scheduled Banks’ Statement of Position successful India arsenic connected January 28, released connected Thursday.

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In the erstwhile fortnight ended January 14, slope recognition rose by 8.01% and deposits by 9.28%. In FY2020-21, slope recognition inclined by 5.56% and deposits by 11.4%.