Bank deposits rise 14.8%, credit growth at 13.8%
May 18 2014 , Mumbai
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.