Bank loans increase by 12.89%; deposits increase by 8.35% during fortnight to July 15

29 Jul 2022 , 08:55 AM

According to the Reserve Bank of India’s (RBI) Scheduled Banks’ Statement of Position in India as of July 15, 2022, deposits were at Rs 155.14 lakh crore and advances were Rs108.78 lakh crore for the two weeks that ended on July 16, 2021.

According to RBI data issued on Thursday, bank credit increased by 12.89% to Rs122.81 lakh crore and deposits by 8.35% to Rs168.09 lakh crore in the fortnight ended July 15.

Bank deposits increased by 9.77% and credit increased by 13.29% in the previous two weeks ending July 1, 2022.

Bank deposits increased by 8.94% and credit increased by 8.59% in FY22.