Bank credit grew by 10% in first 6 months of fiscal
Oct 01 2013 , Mumbai
During the same period of the previous fiscal, the rate of growth was 3.4 per cent, RBI said in a data released today.
At the same time, deposits increased about 9.3 per cent to Rs 73.77 lakh crore for the period ended September 20. The growth rate in deposit was 6.5 per cent a year earlier.
Banks' investments in securities grew about 8.9 per cent to Rs 21.84 lakh crore during March-end to September 20 compared with 12.1 per cent in the same period of the previous year.