NEWS & ADVICE : CREDIT CARDS
Credit, deposits rise in last 6 months: RBI
By Ankit Sharma
Oct 15, 2012
Print    Email    RSS   

According to Reserve Bank of India data, bank deposits has grown 10 per cent or Rs 6 lakh crore, where as credit swelled 6 per cent or Rs 2.73 lakh crore in the first half of the current financial year.

As the credit growth slowed and deposits grew in the first half of this financial year, there has been a gap between growth in the bank deposits and outstanding credits.

In the same period of last financial year, the bank deposit had grown 9.7% and credit by 7%.

RBI is aiming at 16 per cent growth in the deposits and 17 per cent in the credit by the end of this financial year.

Some of the bankers are expecting to see credit growth in the second half of this fiscal because of the upcoming festive season. And to make most of the festive seasons, most of the banks like SBI and ICICI Bank has lowered their lending rates to woo more customers.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Utilise credit card reward points
Credit profile and its effect on loan...
Know the Reasons for Rejection of a Credit...
Rupeetimes guide to different types of...
Live in Style - Lifestyle credit cards


Radhey@09646870399 @Escoℛts In#Chandigarh...
Radhey@09646870399 @Escoℛt In#Chandigarh...
Radhey@09646870399 @Call#Giℛls In#Chandigarh...

NEWS THIS WEEK
91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive