Bank deposits rise 14.8%, credit growth at 13.8%

Bank deposits grew 14.8% year-on-year to Rs 78,88,416 crore as of May 2, faster than credit growth, according to the RBI data.

Deposits of commercial banks stood at Rs 68,68,811 crore during the same period last year, according to the RBI's fortnightly data.

Bank credit grew at 13.8% year-on-year to Rs 60,67,459 crore in the reporting fortnight, as against Rs 53,29,812 crore last year.

During the period, the time deposit grew 14.71% at Rs 71,40,184 crore as against Rs 62,24,047 crore in the previous year.

Demand deposit rose 16.04% to Rs 7,48,231 crore from Rs 6,44,764 crore in the year ago period.

On a fortnightly basis, deposits rose marginally by 0.23% to Rs 78,88,416 crore as against Rs 78,69,967 crore in the week ended April 18.

Credit growth was up at Rs 60,67,459 crore from Rs 60,36,083 crore.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • It will take at least 4 more quarters for corporate bottomlines to turn around

    Aggregate numbers from corporate results in the June quarter of 2014-15 are hardly different from the previous six quarters, with no positive surprise

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Dealing with a sin called insensitivity

Rage and the notion of being above the law — ...

Kuruvilla Pandikattu SJ

India’s greatest gift to the world

What we hear most often about India these days is ...

Gautam Gupta

Why must innerwear be our best kept secret?

While women’s outerwear rules the marketing roost in India, unfortunately, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture