Kolkata: Banks' on-year credit growth at the end of November 14 rose to 11.4% while deposits growth was also higher at 10.2%, Reserve Bank of India data showed.
The credit growth was seen at 11.5% a fortnight back while deposits growth print was at 9.5%.
Gold loan continued to grow triple digit at 129% yon-year to Rs 41409 crore as on October 31. Consumer durable loans however grew a modest 1% to Rs 23646 crore despite expectation of a festive demand as against 6.9% growth same time last year, sectoral credit deployment data showed.
The outstanding bank credit as on November 14 stood at Rs 194 lakh crore while outstanding deposits were at Rs 241 lakh crore, according to data published by the central bank in the scheduled banks’ statement of position section. These are provisional numbers.
The credit growth was seen at 11.5% a fortnight back while deposits growth print was at 9.5%.
Gold loan continued to grow triple digit at 129% yon-year to Rs 41409 crore as on October 31. Consumer durable loans however grew a modest 1% to Rs 23646 crore despite expectation of a festive demand as against 6.9% growth same time last year, sectoral credit deployment data showed.
The outstanding bank credit as on November 14 stood at Rs 194 lakh crore while outstanding deposits were at Rs 241 lakh crore, according to data published by the central bank in the scheduled banks’ statement of position section. These are provisional numbers.
