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Bank credit score rises 5.15% in fortnight ended Sept 25: RBI knowledge

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MUMBAI: Bank credit score grew by 5.15 per cent to Rs 102.72 lakh crore, and deposits rose by 10.51 per cent to Rs 142.64 lakh crore within the fortnight ended September 25, in accordance with RBI knowledge.

In the fortnight ended September 27, 2019, financial institution credit score was Rs 97.68 lakh crore and deposits stood at Rs 129.06 lakh crore.

In the earlier fortnight ended September 11, 2020, financial institution credit score had elevated by 5.26 per cent to Rs 102.24 lakh crore, and deposits surged by 11.98 per cent to Rs 142.48 lakh crore.

On a year-on-year foundation, non-food financial institution credit score progress decelerated to six per cent in August as in opposition to 9.eight per cent in the identical month final yr.

Loans to agriculture and allied actions rose 4.9 per cent within the reporting month as in comparison with a progress of 6.eight per cent in August final yr.

Credit progress within the providers sector decelerated to eight.6 per cent from 13.Three per cent in the identical month final yr.

Growth in business advances decelerated to 0.5 per cent in August 2020 from 3.9 per cent final yr.

Personal loans continued to carry out properly, registering a progress of 10.6 per cent in August 2020 as in comparison with 15.6 per cent progress within the year-ago interval.

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