Telangana banks' advances grew 0.37% to Rs 1,966 cr in first half of FY20

Total advances by all sources - public sector banks, private sector banks and co-operative banks rose to Rs 53,5840.18 crore in September 2019 from Rs 5,33,874,07 crore in March, 2019.

Total advances by the banks in Telangana grew by a marginal 0.37 per cent at Rs 1,966.21 crore in the first half of the current financial year between April-September, 2019, drastically altering the credit-deposit ratio during the period, according to the data compiled by the State Level Bankers Committee (SLBC).

Total advances by all banks - public sector banks, private sector banks and co-operative banks  - rose to Rs 5,35,840.18 crore in September 2019 from Rs 5,33,874,07 crore in March, 2019. Even this flat growth was possible due to the improvement of the situation in the July-September period as the advances