Bank credit rises 9.45% to Rs 68,30,245 crore

Scheduled commercial banks' credit grew by 9.45 per cent to Rs 68,30,245 crore in the fortnight ended October 2.
Banks' advances stood at Rs 62,40,256 crore in the same fortnight last year, according to RBI data.
In the fortnight ended September 18, the loans of commercial banks increased by 9.61 per cent to Rs 67,06,053 crore as against Rs 61,18,066 crore in the year-ago period.
Deposits rose by 11.25 per cent to Rs 91,63,815 crore in the reporting period from Rs 82,36,670 crore in the year-ago period.
In the previous fortnight, deposits registered a growth of 11.24 per cent at Rs 89,59,357 crore from Rs 80,53,556 crore last year.

Demand deposits stood at Rs 8,57,205 crore, up 10.79 per cent from Rs 7,73,693 crore.
Time deposits registered a growth of 11.30 per cent at Rs 83,06,610 crore from Rs 74,62,977 crore, RBI said.