Credit and deposit grow at 11.5% in fortnight ending Dec 13: RBI data

Quick Summary:

Credit growth in the economy, which had previously been driven primarily by retail credit, has tapered off from its peak.

Overall credit growth has also slowed from 16 per cent last year to around 11 per cent now.

Data shows outstanding deposits in the fortnight ending December 13 stood at Rs 227.61 trillion, while outstanding credit stood at Rs 180.81 trillion.

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Article Details

Category: BusinessFinance

Markets: India

Topics: RBI Deposit rates Credit Card HDFC Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-27 @ 18:40:10 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 603 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24693013

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