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Bank credit score rise 5.06 per cent, deposits up by 10.12 per cent: RBI information

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Mumbai: Bank credit score grew by 5.06 per cent to Rs 103.39 lakh crore, whereas deposits rose by 10.12 per cent to Rs 142.92 lakh crore within the fortnight ended October 23, in accordance with the RBI information. In the fortnight ended October 25, 2019, financial institution credit score had stood at Rs 98.40 lakh crore, and the deposit was Rs 129.78 lakh crore.

In the earlier fortnight ended October 9, 2020, financial institution credit score had risen by 5.66 per cent and deposits by 10.55 per cent.

Non-food financial institution credit score progress decelerated to five.Eight per cent in September 2020 from 8.1 per cent in the identical month earlier yr, in accordance with the info.

Credit to trade recorded ‘nil’ progress in September 2020 as in comparison with 2.7 per cent progress within the year-ago interval.

Credit to agriculture and allied actions rose by 5.9 per cent through the reporting month as towards a progress of seven per cent a yr in the past.

Loan progress within the providers sector accelerated to 9.1 per cent in September 2020 from 7.three per cent in the identical month final yr.

Personal loans registered a progress of 9.2 per cent within the month as in comparison with 16.6 per cent progress in September




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