Bank credit grows 14.5% YoY as on July 29, deposits grow 9.1%: RBI data

Bank credit rose 14.52% to Rs 123.69 trn and deposits increased 9.14% to Rs 169.72 trn in the fortnight ended July 29, according to RBI data

Ahead of festive season, credit offtake remains strong in July 2022

Reserve Bank of India (RBI) data showed that credit to industry grew 10.5 per cent in July 2022 against a mere 0.4 per cent in July 2021