NEWS & ADVICE : SAVINGS ACCOUNTS
Growth in deposits and credits of the banks
By Vaibhav Aggarwal
Apr 4, 2014
Print    Email    RSS   

RBI reports have shown that till March 21, 2014 a growth in deposits and credit of the banks has been noticed. The deposits growth is higher in comparison to the credit growth. Deposit growth has increased by 14.64 per cent year-on-year to Rs 77,39,387 crore. Whereas Bank credit grew at 14.31 per cent year-on-year to Rs 60,13,085 crore as Rs 52,60,459 crore in the same period last year.

For the current year the reserve bank of India is expecting an increase of 14% in the deposit growth and an increase of 15% in credit growth. Further an increase of 8.83% is noticed in the demand deposits from Rs 6,62,299 crore to Rs 7,20,800 crore. RBI’s fortnightly data has also shown that the Deposits at commercial banks stood at Rs 67,50,454 crore last year.


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

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Savings account portability: How...
Steps to file Income Tax return online
12 point conduct checklist for bank and...
PPF- How good an investment option!!
Carnival of Indian Personal Finance Blogs #1


my net banking account is lock so how to reopen my...
how can i check balace in my account
want to get my passbook and cheque how can i get...
Kya mera ATM card aaya hai
how to change the contact number from old to new
HOW TO GET CIF NUMBER OF SBBJ

NEWS THIS WEEK
HDFC bank adjudged as the Best private bank in India Feb 16, 2015
HDFC reported an increase of 20% in its net profit Feb 16, 2015
ICICI bank launched Flash remit facility Feb 13, 2015
BOM launched new savings deposit scheme for HNI customers Feb 12, 2015
BMB bank to have a total of 80 branches by the March end. Feb 10, 2015
News Archive