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.

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%.

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