A 15.31 per cent growth in bank deposits at Rs 78,69,967 crore as of April 18 this year continues to outpace credit expansion, data from the Reserve Bank of India (RBI) showed.
Bank deposits stood at Rs 68,25,076 crore during same period last year, according to the apex bank's fortnightly data.
Bank credit grew 14.29 per cent to Rs 60,36,083 crore, as of April 18, against Rs 52,81,173 crore in the same period last year.
The RBI's estimate of the credit growth for FY2014 was 15 per cent, while it was 14 per cent for deposits.
During the period, the time deposit increased 15.34 per cent to Rs 71,43,372 crore from Rs 61,93,286 crore in the same period last year.
Demand deposit rose 15 per cent to Rs 7,26,594 crore from Rs 6,31,790 crore in the year ago period.
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data from the Reserve Bank of India Deposit growth of 15.3 per cent continues to outgrow credit as of April 18: RBI.
Deposit growth at 15.3 pct continues to outgrow credit ...
SummaryGrowth in bank deposits at 15.31 per cent to Rs 78,69,967 crore as of April 18 this year continues to outpace credit expansion, as per the latest RBI data
Deposit growth at 15.3 pct continues to outgrow credit
Mumbai : Growth in bank deposits at 15.31 per cent to Rs 78,69,967 crore as of April 18 this year continues to outpace credit expansion, as per the latest RBI data
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Deposit growth of 15.3 per cent continues to outgrow credit as of April 18: RBI. A 15.31 per cent growth in bank deposits at Rs 78,69,967 crore as of April 18 this
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Deposit growth of 15.3 per cent continues to outgrow credit as of Apri.. A 15.31 per cent growth in bank deposits at Rs 78,69,967 crore as of April 18 this year
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