Bank credit up 5%, deposits clock 12% growth – Banking Finance

Bank credit grew 5.26 per cent to|to Rs. 102.24 trillion while deposits rose 11.98 per cent to|to Rs. 142.48 missing in the nyakumi|the|every fortnight ended September 11 ,|and|or is|or still according to|to the|the|every RBI data.

In the|the|every fortnight ended September 13 ,|and|or is|or still 2019 ,|and|or is|or is bank credit was stay|stay at|at Rs. 97.13 innumerable ,|and|or is|or currently deposits stay|stay at|at Rs. 127.22 trillion.

In the|the|every previous fortnight ended August 28 ,|and|or is|or is 2020 ,|and|or is|or currently bank credit had grown butter 5.49 per cent to|to Rs. 102.11 missing while deposits were up 10.92 per cent to|to Rs. 141.76 trillion.

On a year-on-year (y-o-y) basis ,|and|or is|or is non-food bank credit grew stay|stay at|at 6.7 per cent out July as against thi growth of 11.4 per cent out the|the|every same month of the|the|every last year ,|and|or is|or currently according to|to the|the|every data on sectoral conduct of bank credit for July 2020 ,|and|or is|or currently relieved recently butter the|the|every RBI.

Growth in loans to|to industry slowed to|to 0.8 per cent out July as compared with|with 6.1 per cent growth out July 2019 ,|and|or is|or still the|the|every data showed.

Advances to|to agriculture ,|and|or is|or is allied activities registered a development of 5.4 per cent out the|the|every reporting month as compared with|with a development of 6.8 per cent last year out the|the|every same period.

Credit to|to the|the|every services sector continued to|to grow stay|stay at|at a robust ,|and|or is|or still albeit decelerated ,|and|or is|or still rate of 10.1 per cent in July 2020 as against 15.2 per cent growth.

Personal loans continued to|to perform well registering a growth of 11.2 per cent as compared with|with 17 per cent growth in July 2019. Within this sector ,|and|or is|or still vehicle loans registered accelerated growth of 8.1 per cent in July 2020 as compared with|with the|the|every growth of 4.9 per cent in the|the|every corresponding month of the|the|every previous year ,|and|or is|or is according to|to the|the|every data.

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