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Banks' credit grows 17 percent in 2012/13, deposits at 17.4 percent

Source : REUTERS
Last Updated: Fri, Apr 12, 2013 12:09 hrs
RBI lowers repo rate by 25 bps

Indian banks' credit grew 17.0 percent during the financial year 2012/13, while deposits grew 17.4 percent, data from the Reserve Bank of India showed on Friday.

Month-on-month, bank credit grew 5.3 percent to 53.95 trillion rupees as on March 29, while deposits grew 5.7 percent to 69.36 trillion rupees, the data showed.

The RBI had projected credit and deposit growth at 16 percent and 15 percent respectively.


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