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


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