Bank credit rises by 12.51%, deposits by 8.07%
Bank credit rose by 12.51 per cent to Rs 89.82 lakh crore in the fortnight ended September 28, while the deposits grew by 8.07 per cent to Rs 117.99 lakh crore, according the RBI data. In the year-ago fortnight, advances stood at Rs 79.83 lakh crore, while the deposits at Rs 109.17 lakh crore.
.Personal loans rose by 18.2 per cent in August 2018, compared with 15.7 per cent in August 2017. Image courtesy: Reuters