Bank credit growth rises to 16.5% to Rs 132.81 trillion in Jan 13 fortnight

Deposit growth has gathered pace to 10.6%

After a slight moderation in growth in the previous fortnight, bank credit growth picked up in the fortnight ended January 13, 2023, with 16.5 per cent YoY growth to Rs 132.81 trillion, latest data released by Reserve Bank of India (RBI) showed.

Having said that, in the first fortnight of the calendar year, credit growth contracted 0.2 per cent.

Credit growth moderated to 14.9 per cent YoY in the fortnight ended December 30 due to base effect, as bank credit expanded by 9.2 per cent during the same period last year.