Telangana state banks' 2020-21 credit plan is Rs. 1.86 lakh crore

Updated Jun 29, 2021, 7:42 am IST
Banks have seen a higher growth in deposits at 18.05 per cent in the last fiscal year, as compared to growth in advances
 Bank deposits have grown by Rs 87,469 crore during FY 20-21. (Photo: PTI/File)
Hyderabad: Despite being impacted by the Covid-19 pandemic, banks in Telangana state have registered a growth of nearly 10 per cent in dispensing loans during 2020-21. “Total advances grew by Rs 56,621 crore or 9.92 per cent during the year," said SBI deputy managing director Om Prakash Mishra, who is president of the State-Level Bankers Committee (SLBC).
Total advances of all banks stood at Rs 6,27.039 crore.

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