Banks’ loans and deposits grew faster in the first six months of the current fiscal, according to RBI data released on Tuesday.
Banks’ loans grew about 10.1 per cent to Rs 57.94 lakh crore during March-end to September 20. During the same period of the previous fiscal, the rate of growth was 3.4 per cent. At the same time, deposits rose about 9.3 per cent to Rs 73.77 lakh crore compared with 6.5 per cent a year earlier.
Banks’ investments in securities grew about 8.9 per cent to Rs 21.84 lakh crore during March-end to September 20 compared with 12.1 per cent in the same period of the previous year.