Bank credit growth improves, deposit growth declines: RBI
As on 18 June, bank credit growth stood at 5.8% year on year
Bank credit growth improved to 6.1% year on year for the fortnight ended 3 July even as deposit growth declined, according to Reserve bank of India’s latest data. With gradual unlocking across states, bank credit increased by Rs0.9 lakh crore as compared with the previous fortnight. As on 18 June, bank credit growth stood at 5.8% year on year.