NEWS & ADVICE : PERSONAL LOAN
Surge in credit and deposit growth of banking sector
By Vaibhav Aggarwal
Dec 26, 2013
Print    Email    RSS   

The Reserve bank of India’s measures like special swap window for foreign currency non-residents deposits has helped in boosting the deposit growth of the banks. Year by year a development of 17% has been noticed in the credit growth of the banks.

RBI data reported that the deposit recorded this year was Rs 75,24,217 crore which is much more than the previous year i.e. Rs 64,30,998 crore. The apex bank came up with the plan of concessional swap windows for the bank on September 4, 2013 with the aim of controlling the rupee fall. With this window the banks swap their FCNR deposits.

A growth of 15% is seen in credit development of the commercial banks. RBI estimates the credit growth to be around 15% and deposit growth to be around14% for the current fiscal year


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

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Personal loan: Lender of the last resort
J&K Bank raises PLR
Carnival of Indian Personal Finance Blogs #2
Carnival of Indian Personal Finance Blogs # 7
Need of Financial inclusion: making the...


HOW CAN I SEARCH MY NAME CIBIL DEFAULTER'S LIST
EMI statement
i want to personal loan 20000 rupees in canara bank...
i need my personal loan track statement
personal loan status of agreement number...
SIR/MADAM MY SELF PRIYA SHARMA PAN CARD FFTPS3791P...

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive