Bank credit grows nearly 17 pc for fortnight ended Nov 18: RBI

Updated: Dec 2 2022 6:19PM

Bank credit grows nearly 17 pc for fortnight ended Nov 18: RBI

Mumbai, Dec 2 (PTI) Indian banking system's outstanding credit grew by 16.96 per cent for the fortnight ended November 18, the Reserve Bank said on Friday.

The bank credit grew to Rs 133.29 lakh crore for the fortnight ended November 18 this year as against Rs 113.96 lakh crore on November 19, 2021, the Reserve Bank of India (RBI) said.

The deposit growth came at 9.30 per cent, with the overall base Rs 177.15 lakh crore as on November 18 as against Rs 162.06 lakh crore in the year-ago period, it said.