Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
The Economic Times
11,419.25-177.65
Stock Analysis, IPO, Mutual Funds, Bonds & More

Credit, deposit growth loses momentum

Non-food credit increased 11.9 percent in April from 10.7 percent in April 2018.

PTI|
Jun 20, 2019, 05.38 PM IST
0Comments
BCCL
Investment_bccl
In the year-ago fortnight, bank credit was at Rs 85.94 lakh crore while deposits were at Rs 114.08 lakh crore.
Both bank credit and deposits slowed to 9.92 percent and 12.31 percent at Rs 96.52 lakh crore and Rs 125.40 lakh crore, respectively, for the fortnight ending June 7, according to the RBI data.

In the year-ago fortnight, bank credit was at Rs 85.94 lakh crore while deposits were at Rs 114.08 lakh crore. In the previous fortnight ending May 24, advances grew 12.70 percent to Rs 96.22 lakh crore and deposits increased 10.09 percent to Rs 124.98 lakh crore.

Non-food credit increased 11.9 percent in April from 10.7 percent in April 2018.

Loans to agriculture and allied activities rose 7.9 percent in April compared to 5.9 percent growth in the same month of 2018.

Advances to the services sector expanded 16.8 percent compared to an increase of 20.7 percent in April 2018.Personal loans growth slowed to 15.7 percent from 19.1 percent during the reporting month.

Credit to the industry rose 6.9 percent in April as against a meagre 1 percent growth in the year-ago period.
0Comments

Also Read

Bank credit, deposit growth manage to remain in double- digits

‘Rise in income, not interest rates, key to deposit growth’

Credit demand, deposit growth lose steam

Rise in income, not interest rates, key to deposit growth: RBI research

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for Live Elections News & Results, Latest News in Business, Share Market & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service