spot_img
Saturday, June 25, 2022
No menu items!
More
    spot_img
    HomeBusinessBank credit and deposits declined in fortnight ended May 20

    Bank credit and deposits declined in fortnight ended May 20

    -

    Money & Banking

    Overall, in the current financial year so far, the outstanding credit of Banks increased by ₹1,38,761 crore against a de-growth of ₹1,27,925 crore in the year-ago period.

    Bank credit and deposits declined in the reporting fortnight ended May 20 after posting robust growth in the preceding fortnight.

    The outstanding credit of all scheduled banks declined by ₹13,603 crore in the reporting fortnight ended May 20 against a growth of ₹81,070 crore in the preceding fortnight ended May 6, per RBI’s Scheduled Banks’ Statement of Position.

    The outstanding deposits of all scheduled banks declined by ₹1,24,231 crore in the reporting fortnight against an increase of ₹69,277 crore in the preceding fortnight.

    According to banking experts, short-term advances that banks typically build up in the run-up to financial year-end may have been repaid. Further, short-term deposits could have matured.

    Overall, in the current financial year so far, the outstanding credit of Banks has increased by ₹1,38,761 crore against a de-growth of ₹1,27,925 crore in the year-ago period.

    The outstanding bank deposits in the current financial year increased by ₹1,06,190 crore against an increase of ₹50,438 crore in the year ago .

    Published on June 07, 2022

    You May Also Like

    Recommended for you

    Related articles

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Stay Connected

    0FansLike
    0FollowersFollow
    3,361FollowersFollow
    0SubscribersSubscribe
    spot_img

    Latest posts