Mumbai: The Scheduled Banks’ Statement of Position in India released by the Reserve Bank of India (RBI) revealed that the bank credit in the country surged by 10.09% to Rs 119.88 lakh crore in the fortnight ended on April 8. The bank deposits gained by 10.06% to Rs 167.42 lakh crore in the same period.
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In the fortnight ended on April 8, 2021, bank advances stood at Rs 108.88 lakh crore and deposits at Rs 152.11 lakh crore. In 2021-22, bank credit rose by 8.59%t and deposit by 8.94%.
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