Growth in bank credit
Recent RBI data revealed that bank’s credit grew by 8.07 per cent to Rs 98.47 lakh crore in the fortnight ended November 6. Figures for the same during the corresponding period last year were Rs 91.11 lakh crore. Deposits had also grown by 10.25% to Rs 129.78 lakh crore in the fortnight ended October 25. However, on a year-on-year (y-o-y) basis, non-food bank credit growth decelerated to 8.1% in September 2019 from 11.3% in September 2018.