Bank credit has grown by 10.82% on a year-on-year basis in the latest fortnight ending May 6, 2022. 120.46 lakh crore, the latest RBI data showed on Thursday.
credit at . Was 119.56 lakh crore in the fortnight ending 22 April 2022. Meanwhile, in the fortnight ending May 7, 2021, the bank credit remained 108.67 lakh crore.
under the bank CreditRBI data showed that loans, cash loans and overdrafts increased 180.08 lakh crore in the fortnight ending May 6, 2022 117.17 lakh crore of the last fortnight and 106.67 lakh crore in the fortnight ending May 7, 2021.
Bank deposits registered a growth of 9.71% 166.95 lakh crore in the fortnight ending May 6, 2022 152.17 lakh crore in the fortnight of 7 May 2021. stood on the deposit 166.23 lakh crore in the fortnight ending 22 April 2022.
As on May 6, 2022, the outstanding food loans of scheduled commercial banks jumped 55,487.15 crore as compared to 42,552.09 crore in the fortnight ending 22 April 2022. However, the latest food credit declined 85,094.17 crore in the fortnight ended 7 May 2021.