The debt of India's banks has increased. If the same thing is to be said, the debt of banks has increased by 7.57 per cent to Rs 100.44 lakh crore in the fortnight ended January 2. Apart from this, the deposit has increased by 9.77 percent during this period and it has been Rs 132.10 lakh crore. This information has been revealed by the same RBI data. According to the data, the bank loan was Rs 93.37 lakh crore in the same period a year ago, although the deposit stood at Rs 120.33 lakh crore.
Besides, in the fortnight ended December 20, banks' loans had increased by 7.10 per cent to Rs 99.47 lakh crore and the same deposit had increased by 10.09 per cent to Rs 130.08 lakh crore. The credit growth of banks on a year-on-year basis has come down by 7.2 per cent to Rs 86.73 lakh crore in November 2019, from Rs 80.93 lakh crore a year ago with 13.8 per cent growth.
Loan growth for the same industry fell 2.4 per cent to Rs 27.72 lakh crore in November. Apart from this, it was 4 percent in the same month of 2018. During this month, the rate of credit for agriculture and related activities fell to 6.5 per cent as against 7.7 per cent last year.
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