The Apex bank of the country – RBI has reported that the bank deposit growth has slowed down this time. after running ahead of credit throughout the year, came down to 12 per cent to Rs 82,76,945 crore Last year, bank credit stood at Rs 56,41,910 crore.
This year the growth is noticed at to Rs 62,72,621 crore. It may be noted that deposit growth has been pacing up by three to five percentage points more than credit growth throughout this fiscal. Deposits grew 12 per cent to Rs 82,76,945 crore compared to Rs 73,92,540 crore in the year-ago. Demand deposits jumped by 13.12 per cent to Rs 7,57,519 crore from Rs 6,69,659 crore during the same period last year.