Financial institution credit score grows by 6.55%; deposits by 10.58%: RBI

0
181

Bank loans rose 6.55 percent to 108.89 lakh crore and deposits rose 10.58 percent to 155.70 lakh crore in the two weeks ended August 13, 2021.

In the two weeks of the previous year, which ended on August 14, 2020, bank advances were 102.19 lakh crore and deposits were 140.80 lakh crore, according to a statement by Scheduled Banks in India published on July 30, 2021 Friday.

For the last 14 days ended July 30, 2021, bank loans were up 6.11 percent and deposits were up 9.8 percent. In the 2020-21 fiscal year, bank loans were up 5.56 percent and deposits were up 11.4 percent.

Also read: RBI imposes a fine on 5 payment system operators