Latest Bank Deposits News & Updates

Bank Credit in India Grows by 16.1% to Rs 213.6 Lakh Crore

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New Delhi, April 21 (IANS) Bank credit in India stood at Rs 213.6 lakh crore for the fortnight ending March 31, registering an annual growth of 16.1 per cent for the reported period — up from 11 per cent in the same period prior year, a report said on Tuesday.The report from CareEdge ratings said credit growth in Indian banks continued to outpace deposit accretion, widening the differential to about 260 basis points.Credit–Deposit (CD) ratio remained elevated at 81.4 per cent for the fortnigh…