Bank credit growth loses momentum, up 13.24% to Rs 97.67 trillion

Bank credit rose by 13.24 per cent to Rs 97.67 trillion, while deposits grew by 10.03 per cent to Rs 125.72 trillion in the fortnight to March 29, according to RBI data released Thursday.

In the year-ago fortnight, deposits were at Rs 114.26 trillion and advances at Rs 86.25 trillion.

In the previous fortnight to March 15, credit demand had grown by 14.46 per cent to Rs 95.53 trillion while deposits increased by 10.03 per cent to Rs 122.26 trillion.

On a year-on-year basis, non-food bank credit increased by 13.2 per cent in February 2019 as compared with an increase of 9.8 per