Bank credit grows at 6.02%, deposits at 11.19%

Banks’ credit growth rose 6.02% to ₹76,58,212 crore in the fortnight ended June 9, from ₹72,22,939 crore in the same period last fiscal, according to the RBI. In the fortnight ended May 26, advances had grown 5.08%, with outstanding loans at ₹75,93,546 crore. In the reporting fortnight, bank deposits grew 11.19% to ₹105,77,947 crore from ₹95,13,148 crore in the fortnight ended June 10, 2016.