November 26, 2022

Deposit progress outpaces credit score progress for the first time in

Deposit growth outpaces credit growth for the 1st time in

Deposit growth outpaces credit growth for the 1st time in

Incremental deposit progress outstripped credit score progress for the primary time in the previous couple of months within the fortnight ended November 4 as banks aggressively raised deposit charges to garner assets within the wake of sturdy credit score progress.

Incremental deposits of all scheduled banks grew by ₹1,68,386.7 crore within the fortnight ended November 4, in line with RBI knowledge. Throughout the identical interval, incremetal credit score rose by ₹44,119.16 crore.

Within the previous fortnight ended October 21, incremetal credit score was up…

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