Bank credit rises 5.33% to Rs 108.89 lakh cr; deposits grow 10.94%
In the fortnight ended April 10, 2020, bank advances stood at Rs 103.38 lakh crore and deposits were Rs 137.15 lakh crore. In 2020-21 fiscal, bank credit increased 5.56 per cent and deposits 11.4 per cent
PTI | April 26, 2021 | Updated 21:56 IST
The agency said bank credit growth is likely to increase in FY22, given the growth in the economy and the base effect coming into play
Bank credit grew by 5.33 per cent to Rs 108.89 lakh crore, and deposits rose 10.94 per cent to Rs 152.15 lakh crore in the fortnight ended April 9, 2021. In the fortnight ended April 10, 2020, bank advances stood at Rs 103.38 lakh crore and deposits were Rs 137.15 lakh crore.
Bank credit rises 5 33% to Rs 108 89 lakh cr; deposits grow 10 94%
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Bank credit grows 5 33%; deposits rise 10 94%
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Unfavourable conditions for the rupee
Akhil Nallamuthu
BL Research Bureau |
Updated on
April 15, 2021
The local currency might fall to 75.60 against the dollar in near-term Liquidity measures like G-SAP (G-sec acquisition programme) and the extension of TLTRO (Targeted Long Term Repo Operations) announced by the Reserve Bank of India last week ignited the bearish sentiment in the rupee (INR). As a result, the domestic currency slipped below the important base of 75 and is now trading around 75.20 versus the dollar (USD). The year-to-date loss stands at about 2.9 per cent.
Inflation tightens Adding to the pressure on the rupee, inflation has seen an uptick in March. As per the government data, the Consumer Price Index (CPI) based inflation in March stood at 5.52 per cent. While it is lower compared to 5.91 per cent recorded in the same month last year, sequentially it has seen a rise as the inflation rate was 5.03 per cent in February. This is largely due to an increase i