Bank credit grows 6.24% to Rs 102.5 trillion, deposits rise 11.28%

Bank credit and deposits grew 6.24 per cent and 11.28 per cent to Rs 102.54 trillion and Rs 139.55 trillion, respectively, in the fortnight ended June 5, according to the latest data from the Reserve Bank of India.

In the fortnight ended June 7, 2019, bank loans had stood at Rs 96.51 trillion and deposits at Rs 125.40 trillion.

On a fortnightly basis, bank advances grew 0.3 per cent or Rs 32,022.49 crore to Rs 102.54 trillion in the week to June 5 as against Rs 102.22 trillion in the week ended May 22, 2020. Deposits grew 0.9 per cent,