Financial institution credit score grew by 10.82 per cent to Rs 120.46 lakh crore and deposits by 9.71 per cent to Rs 166.95 lakh crore within the fortnight ended Might 6, 2022, RBI knowledge confirmed. Within the fortnight ended Might 7, 2021, financial institution advances stood at Rs 108.70 lakh crore and deposits at Rs 152.16 lakh crore, in accordance with the RBI’s scheduled banks’ assertion of place in India as on Might 6, launched on Thursday.
Financial institution advances rose by 10.07 per cent to Rs 119.54 lakh crore and deposits by 9.84 per cent to Rs 166.24 lakh crore within the earlier fortnight ended April 22, 2022.
In FY 2021-22, financial institution credit score rose by 8.59 per cent and deposit by 8.94 per cent.