RBI Data: Bank credit grows by 6.63% while deposits go up by over 12% during fortnight ended February 26

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According to RBI data Bank credit has risen by 6.63 percent to 107.75 lakh crore rupees and deposits grew by 12.06 percent to 149.34 lakh crore rupees in the fortnight ended February 26. In a report, Care Ratings said the bank credit growth in the fortnight ended February 26 stood stable compared to the last fortnight and returned to the levels observed in the early months of the pandemic, when the loan growth ranged between 6.5 percent to 7.2 percent during April 2020.

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