Bank credit grows at 16.3% to Rs 133.41 trillion, shows RBI data

It had moderated to 14.9 per cent YoY in the fortnight ended December 30 due to base effect, but subsequently picked up as the base effect eased out

Bank credit grew at 16.3 per cent year-on-year (YoY) in the fortnight ended January 27 to Rs 133.41 trillion, latest data by the Reserve Bank of India (RBI) showed, moderating marginally from the growth witnessed till last fortnight (16.5 per cent).

In the fortnight under consideration, credit growth increased by 0.5 per cent or Rs 64,684 crore. It had moderated to 14.9 per cent YoY in the fortnight ended December 30 due to base effect, but picked up subsequently as the effect eased out.

Meanwhile, deposit growth of the banking system came in at 10.5 per cent YoY for the