Bank credit and deposit decline marginally: RBI
Mumbai: As per the latest data issued by RBI bank credit decline marginally at 14.5 percent at Rs 94.29 lakh crore and the deposits decline at 9.63 percent to Rs 121.22 lakh crore for the fortnight ending February 1.
credit and deposit decline
RBI informs that “The decline is mainly driven by the poor show by agriculture and allied activities and the personal loans during the week”.
Credit demand 2018
According to RBI “The credit demand from agriculture and allied activities grew by 8.4 percent in December 2018 and industrial credit rose by 4.4 percent in December 2018”. Similarly non-food credit also increased faster at 12.8 percent year-on-year basis in December 2018.
In the previous fortnight ended January 18, deposits had increased by 9.69 percent to Rs 119.86 lakh crore and
credit grew by 14.61 percent to Rs 93.32 lakh crore.