Indian banking system dues Credit Reserves grew by 16.96 per cent in the fortnight ended November 18 Bank said on Friday. Bank credit 133.29 lakh crore for the fortnight ending November 18 this year, as against Rs 113.96 lakh crore as on November 19, 2021. reserve Bank of India ,reserve Bank of India) Told.

Deposit growth came in at 9.30 per cent on November 18 with an overall base of Rs 177.15 lakh crore, as against Rs 162.06 lakh crore in the year-ago period.

Interestingly, amid the ongoing war for deposits in the system, banks are racing to increase liabilities. Fund Higher credit growth, as compared to Rs 177.88 lakh crore on November 4, total deposits in the system declined marginally during the fortnight.

It may be noted that the current financial year has seen a steady increase in credit growth over FY23, owing to a number of factors including Economic DevelopmentBorrowers going to the bank as compared to other credit options amid rising interest rates etc. In the financial year 2021-22, there was an increase of 8.59 percent in bank credit and 8.94 percent in deposits.